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

HSBC HoldingsAnnouncement

28/09/2023 10:32

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RNS Number : 9918N  HSBC Holdings PLC  28 September 2023

The following is the text of an announcement released to the Stock Exchange of
Hong Kong Limited on 28 September 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.

 

28 September 2023

(Hong Kong Stock Code: 5)

 

HSBC HOLDINGS PLC

GRANT OF SHARE OPTIONS

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 27 September 2023, HSBC Holdings plc (the "Company") granted share options
("Options") to employees to subscribe for a total of 23,382,459 ordinary
shares of US$0.50 each of the Company ("Shares") under the HSBC Holdings
Savings-Related Share Option Plan (UK) (the "Plan"). The following are the
details of the grant:

 

 Exercise Price at which the Options were granted                                Option Period                             Number of shares under Options
 GBP 4.697                                                                       3 years                                   19,903,840
                                                                                 5 years                                   3,478,619
 Total number of Options granted                                                 23,382,459
 Closing market price of the ordinary shares on the London Stock Exchange and    GBP 6.399
 on the date of grant
 Vesting period of the Options                                                   3 years, exercisable from 1 November 2026 to 30 April 2027
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 Exercise period of the Options                                                  No later than six months from the vesting date of the Options
 Performance Targets and Clawback                                                Grants of Options under the Plan do not include performance conditions or
                                                                                 clawback provisions due to the requirements of the UK tax legislation relevant
                                                                                 to 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 three limits on the number of Shares committed to be
                                                                                 issued under Options:

                                                                                 1.   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 Options 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 973,756,809.

                                                                                 2.   2,036,512,211 (being 10% of the Shares in issue (excluding treasury
                                                                                 shares) on the date of shareholder approval of the numerical limit under the
                                                                                 Plan) Shares issued under the Plan as well Options currently outstanding that
                                                                                 were granted after last shareholder approval. The number of Shares available
                                                                                 to issue under this limit is 1,903,920,907.

                                                                                 3.   4,675,000,000 Shares may be allocated for subscription under the Plan
                                                                                 and put under option (including all outstanding Options). The number of Shares
                                                                                 available to use under this limit is 4,056,706,403.

There were no Options granted to any director of the Company. 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(†) and David Nish(†).

 

*  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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