REG - HSBC Holdings PLC - Overseas Regulatory Announcement - Grant of Awards

HSBC HoldingsAnnouncement

11/10/2023 13:00

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RNS Number : 8185P  HSBC Holdings PLC  11 October 2023

 

The following is the text of an announcement released to the Stock Exchange of
Hong Kong Limited on 11 October 2023 pursuant to rules 17.06A, 17.06B and
17.06C of the Rules Governing the Listing of Securities on The Stock Exchange
of Hong Kong Limited:

 

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this document, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this document.
 

 

11 October 2023

(Hong Kong Stock Code: 5)

 

HSBC HOLDINGS PLC

GRANT OF CONDITIONAL AWARDS

 

This announcement is made pursuant to Rules 17.06A, 17.06B and 17.06C of the
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited.

 

On 10 October 2023, HSBC Holdings plc (the "Company") granted conditional
awards ("Awards") to employees to subscribe for a total of 446,697.0065
ordinary shares of US$0.50 each of the Company (the "Shares") under the HSBC
International Employee Share Purchase Plan (the "Plan").

 

The following are the details of the grants:

 

 Grant date                                                                      10 October 2023
 Category of grantee                                                             Employees
 Number of shares under Awards                                                    211,550.0018 LSE listed Shares

                                                                                  235,147.0047 HKSE listed Shares
 Closing market price of the ordinary shares on the London Stock Exchange and     GBP 6.578
 the Hong Kong Stock Exchange on the date of grant

                                                                                  HK$ 62.20
 Purchase price of Awards granted                                                 GBP 0
 Vesting period of the Awards                                                    2 years
 Performance Targets and Clawback                                                Grants of Awards under the Plan do not have performance conditions or clawback
                                                                                 provisions due to the all-employee nature of the Plan
 Arrangements for  the Company or a subsidiary to provide financial assistance   None
 to the grantees

 Number of shares available for future grant under the plan mandate              The Plan is subject to a limit on the number of Shares committed to be issued
                                                                                 under all Plan Awards:

                                                                                 10% of the ordinary share capital of the Company in issue immediately before
                                                                                 that day, when added to the number of Shares which have been issued, or
                                                                                 committed to be issued, to satisfy Awards under the Plan, or options or awards
                                                                                 under any other employee share plan operated by the Company granted in the
                                                                                 previous 10 years. The number of Shares available to issue under this limit is
                                                                                 968,937,563

 

For and on behalf of

HSBC Holdings plc

 

Aileen Taylor

Group Company Secretary and Chief Governance Officer

 

The Board of Directors of HSBC Holdings plc as at the date of this
announcement comprises: Mark Tucker(*), Noel Quinn, Geraldine Buckingham(†),
Rachel Duan(†), Georges Elhedery, Carolyn Julie Fairbairn(†), James
Anthony Forese(†), Ann Godbehere(†), Steven Guggenheimer(†), José
Antonio Meade Kuribreña(†), Kalpana Morparia(†), Eileen K Murray(†),
Brendan Nelson(†), David Nish(†) and Swee Lian Teo(†).

 

*  Non-executive Group Chairman

†  Independent non-executive Director

 

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com
(http://www.hsbc.com/)

Incorporated in England with limited liability. Registered in England: number
617987

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