Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
September 25 2024 - 5:24AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of September
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
The
following is the text of an announcement released to the Stock
Exchange of Hong Kong Limited on 25 September
2024 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.
25
September 2024
(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 24
September 2024, HSBC Holdings plc (the "Company") granted share options
("Options") to employees to
subscribe for a total of 11,845,471 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 5.303
|
3 years
|
9,846,524
|
|
5 years
|
1,998,947
|
|
Total
number of Options granted
|
11,845,471
|
|
Closing market
price of the ordinary shares on the
London Stock Exchange on the date
of grant
|
GBP 6.722
|
|
Vesting
period of the Options
|
3
years, exercisable from 1 November 2027 to 28 April
2028
|
|
5
years, exercisable from 1 November 2029 to 30 April
2030
|
|
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 to the grantees
|
None
|
|
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
954,583,778.
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 1,948,958,840.
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
4,102,263,390.
|
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:
Sir
Mark Edward Tucker*, Georges Bahjat Elhedery, Geraldine Joyce
Buckingham†, Rachel
Duan†, Dame Carolyn
Julie Fairbairn†, James Anthony
Forese†, Ann Frances
Godbehere†, Steven Craig
Guggenheimer†, Dr José
Antonio Meade Kuribreña†, Kalpana
Jaisingh Morparia†, Eileen K
Murray†, Brendan
Robert Nelson† and Swee
Lian Teo†.
* 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
Incorporated in England with limited liability. Registered in
England: number 617987
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
HSBC
Holdings plc
|
|
|
|
|
|
By:
|
|
|
Name:
Aileen Taylor
|
|
|
Title:
Group Company Secretary and Chief Governance Officer
|
|
|
|
|
|
Date:
25 September 2024
|
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