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

HSBC HoldingsAnnouncement

25/10/2024 18:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241025:nRSY7570Ja&default-theme=true

RNS Number : 7570J  HSBC Holdings PLC  25 October 2024

HSBC HOLDINGS PLC

25 October 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 1 August 2024.

UK Venues

 Date of purchase:                                     25 October 2024
 Number of ordinary shares of US$0.50 each purchased:  992,000
 Highest price paid per share:                         £6.8730
 Lowest price paid per share:                          £6.8230
 Volume weighted average price paid per share:         £6.8527

 

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:                                     25 October 2024
 Number of ordinary shares of US$0.50 each purchased:  648,400
 Highest price paid per share:                         HK$69.1000
 Lowest price paid per share:                          HK$68.6000
 Volume weighted average price paid per share:         HK$68.9305

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 18,164,455,729
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 18,164,455,729 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 172,311,192 ordinary shares on the UK Venues
at a volume weighted average price of £6.6339 per ordinary share, and
173,041,600 ordinary shares on the Hong Kong Stock Exchange at a volume
weighted average price of HK$67.4942 per ordinary share, for a total
consideration of approximately US$3bn.

 

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/7570J_1-2024-10-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7570J_1-2024-10-25.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

shareholderquestions@hsbc.com

+44 (0)20 7991 8888

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSFZMZGVKLGDZM