HSBC Holdings PLC Transaction in own shares & conclusion of buy-back (1674U)
July 29 2022 - 1:00AM
UK Regulatory
TIDMHSBA
RNS Number : 1674U
HSBC Holdings PLC
29 July 2022
HSBC HOLDINGS PLC
28 July 2022
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 3 May 2022 .
UK Venues
Date of purchase: 28 July 2022
Number of ordinary shares of US$0.50
each purchased: 949,795
Highest price paid per share: GBP5.217000
Lowest price paid per share: GBP5.123000
Volume weighted average price paid GBP5.175475
per share:
All repurchases on the London Stock Exchange, Aquis Exchange,
BATS, Chi X and/or Turquoise ("UK Venues") are "on Exchange"
transactions (as such term is defined in the rules of the London
Stock Exchange) and "on market" for the purposes of the Companies
Act 2006.
Hong Kong Stock Exchange
Date of purchase: 28 July 2022
Number of ordinary shares of US$0.50
each purchased: 2,385,200
Highest price paid per share: HK$50.1500
Lowest price paid per share: HK$49.1000
Volume weighted average price paid HK$49.7131
per share:
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 20,312,205,653 ordinary shares in
issue, including 325,273,407 ordinary shares which are held in
treasury. Therefore, the total voting rights in the Company will be
19,986,932,246 . 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 86,606,357
Ordinary Shares on the UK Venues at a volume weighted average price
of GBP5.1970 per Ordinary Share, and 70,066,800 Ordinary Shares on
the Hong Kong Stock Exchange at a volume weighted average price of
HK$50.1604 per Ordinary Share, for a total consideration of
approximately US$1bn.
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/1674U_1-2022-7-28.pdf
This announcement will also be available on HSBC's website at
www.hsbc.com/sea
Enquiries to:
Lee Davis
Corporate Governance & Secretariat
+ 44 (0) 203 359 2160
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END
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