REG - HSBC Holdings PLC - Transaction in Own Shares & Conclusion of Buy-Back

HSBC HoldingsAnnouncement

23/04/2024 18:15

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RNS Number : 7602L  HSBC Holdings PLC  23 April 2024

HSBC HOLDINGS PLC

23 April 2024

Transaction in own shares and conclusion of buy-back

 

HSBC Holdings plc ("HSBC" or the "Company") announces that it has purchased
for cancellation the following number of its ordinary shares of US$0.50 from
Merrill Lynch International ("Merrill Lynch") as part of its buy-back
announced on 22 February 2024.

UK Venues

 Date of purchase:                                     23 April 2024
 Number of ordinary shares of US$0.50 each purchased:  1,225,000
 Highest price paid per share:                         £6.6960
 Lowest price paid per share:                          £6.6380
 Volume weighted average price paid per share:         £6.6678

 

All repurchases on the London Stock Exchange, Cboe Europe Limited (through the
BXE and CXE order books) and/or Turquoise ("UK Venues") are implemented as "on
Exchange" transactions (as such term is defined in the rules of the London
Stock Exchange) and as "market purchases" for the purposes of the Companies
Act 2006.

Hong Kong Stock Exchange

 Date of purchase:                                     23 April 2024
 Number of ordinary shares of US$0.50 each purchased:  1,285,200
 Highest price paid per share:                         HK$64.6500
 Lowest price paid per share:                          HK$64.0500
 Volume weighted average price paid per share:         HK$64.3006

All repurchases on The Stock Exchange of Hong Kong Limited ("Hong Kong Stock
Exchange") are "off market" for the purposes of the Companies Act 2006 but are
transactions which occur "on Exchange" for the purposes of the Rules Governing
the Listing of Securities on The Stock Exchange of Hong Kong Limited and which
constitute an "on-market share buy-back" for the purposes of the Codes on
Takeovers and Mergers and Share Buy-backs.

Following the cancellation of the shares repurchased on the UK Venues, the
Company's issued ordinary share capital will consist of
18,877,015,995 ordinary shares with voting rights. There are no ordinary
shares held in treasury. Cancellation of the shares repurchased on the Hong
Kong Stock Exchange takes longer than those repurchased on the UK Venues and a
further announcement of total voting rights will be made once those shares
have been cancelled.

The above figure of 18,877,015,995 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

The Company announces that, following the purchase of these shares, the
buy-back has concluded. Since the commencement of the buy-back, the Company
has repurchased for cancellation 127,570,463 ordinary shares on the UK Venues
at a volume weighted average price of £6.2034 per ordinary share, and
127,412,800 ordinary shares on the Hong Kong Stock Exchange at a volume
weighted average price of HK$61.3458 per ordinary share, for a total
consideration of approximately US$2bn.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 (as it forms part of domestic law of the United Kingdom by virtue of
the European Union (Withdrawal) Act 2018), a full breakdown of the individual
trades made by Merrill Lynch on behalf of the Company is available via the
link below.

http://www.rns-pdf.londonstockexchange.com/rns/7602L_1-2024-4-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7602L_1-2024-4-23.pdf)

 

This announcement will also be available on HSBC's website at www.hsbc.com/sea
(http://www.hsbc.com/sea)

Enquiries to:

Lee Davis

Corporate Governance & Secretariat

+44 (0) 207 991 3048

 

 

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