REG - HSBC Holdings PLC - Response to voting results at 2023 AGM

HSBC HoldingsAnnouncement

03/11/2023 09:30

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RNS Number : 3377S  HSBC Holdings PLC  03 November 2023

 

 

 

 

 

 

 

HSBC HOLDINGS PLC

 

3 November 2023

 

Response to voting results at 2023 Annual General Meeting

 

 

In accordance with Provision 4 of the UK Corporate Governance Code, we are
providing an update on our statement of 5 May 2023 regarding the results of
the poll vote at the 2023 Annual General Meeting ("AGM") on resolutions 2,
3(l), 6, 7, 14 and 15 which received votes of between 20.04% - 23.30% against
the Board's recommendations.

 

In our statement of 5 May 2023, it was noted that our largest shareholder,
Ping An, voted against the Board's recommendations on the above resolutions
and a number of others. Ping An's votes accounted for approximately 18-19% of
all votes cast at the AGM based on a turnout of around 50%.

 

The Board was pleased that a large majority of shareholders voting at the AGM
supported HSBC's strategy and since the AGM there have been no concerns
expressed by shareholders regarding the above resolutions. We continue to have
constructive dialogue and provide corporate access to all our institutional
shareholders, including Ping An and respect and listen to their views.

 

As at the time of this announcement, the following are Directors of the
Company: 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

 

For and on behalf of

HSBC Holdings plc

 

Aileen Taylor

Group Company Secretary and Chief Governance Officer

 

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