REG - HSBC Holdings PLC - Transaction in own shares & conclusion of buy-back

HSBC HoldingsAnnouncement

26/10/2023 18:30

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RNS Number : 4656R  HSBC Holdings PLC  26 October 2023

HSBC HOLDINGS PLC

26 October 2023

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 as
disclosed in the announcement dated 2 August 2023.

UK Venues

 Date of purchase:                                     26 October2023
 Number of ordinary shares of US$0.50 each purchased:  840,000
 Highest price paid per share:                         £6.1420
 Lowest price paid per share:                          £5.9550
 Volume weighted average price paid per share:         £6.0656

 

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:                                     26 October 2023
 Number of ordinary shares of US$0.50 each purchased:  300,000
 Highest price paid per share:                         HK$58.6500
 Lowest price paid per share:                          HK$56.6500
 Volume weighted average price paid per share:         HK$57.9665

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 will have 19,798,477,259 ordinary shares in issue, including
325,273,407 ordinary shares of US$0.50 each which are held in treasury.
Therefore, the total voting rights in the Company will be 19,473,203,852.
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.

This figure for the total number of voting rights 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 129,814,790 Ordinary Shares on the UK Venues
at a volume weighted average price of £6.1938 per Ordinary Share, and
129,109,200 Ordinary Shares on the Hong Kong Stock Exchange at a volume
weighted average price of HK$60.6033 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/4656R_1-2023-10-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4656R_1-2023-10-26.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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