REG - HSBC Holdings PLC - Capital Reduction- increase Distributable Reserves

HSBC HoldingsAnnouncement

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RNS Number : 2252O  HSBC Holdings PLC  24 June 2025

 

24 June 2025

HSBC HOLDINGS PLC

CAPITAL REDUCTION TO INCREASE DISTRIBUTABLE RESERVES

HSBC Holdings plc (the "Company") is pleased to confirm that, following
approval of shareholders at the Company's Annual General Meeting held on 2 May
2025 ("AGM"), on 24 June 2025, the High Court of England and Wales (the
"Court") confirmed the cancellation of US$14,809,888,249 standing to the
credit of the Company's share premium account and US$1,755,360,094 standing to
the credit of the Company's capital redemption reserve (the "Capital
Reduction").

The Court order confirming the Capital Reduction and a statement of capital
approved by the Court in connection with the same have been sent to the
Registrar of Companies. The Capital Reduction will become effective upon
registration of these documents by the Registrar of Companies.

As set out in the Company's Notice of AGM published on 21 March 2025, the
effect of the Capital Reduction will be to increase distributable reserves and
give the Company further flexibility to deliver shareholder returns over the
coming years in the form of dividends and/or share buy-backs.

Investor enquiries to:
Neil
Sankoff
+44 (0) 20 7991 5072
investorrelations@hsbc.com

Media enquiries to:
Gillian
James
+44 (0) 20 7992 0516
gillian.james@hsbcib.com

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in
London. HSBC serves customers worldwide from offices in 58 countries and
territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the
world's largest banking and financial services organisations.

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