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
This announcement will also be available on HSBC's website at www.hsbc.com/sea
Enquiries to:
Lee Davis
Corporate Governance & Secretariat
+44 (0) 207 991 3048
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