HSBC Buys Back 1M+ Shares from Merrill Lynch

TL;DR

HSBC just bought back over 1M shares from Merrill Lynch as part of its ongoing buyback program.

AI Summary

HSBC Holdings plc announced on October 24, 2024, that it purchased 1,098,073 ordinary shares of US$0.50 each from Merrill Lynch International. These shares were bought for cancellation as part of a buy-back program initially announced on August 1, 2024. The purchases occurred on UK venues, with the highest price paid per share being £6.8640 and the lowest being £6.7940.

Why It Matters

This share repurchase indicates HSBC is actively managing its capital structure and returning value to shareholders, potentially boosting earnings per share.

Risk Assessment

Risk Level: low — This filing is a routine update on share repurchases and does not contain significant new risks.

Key Numbers

• 1,098,073 — Shares Purchased (Represents a portion of HSBC's ongoing share buy-back program.)
• £6.8640 — Highest Price Paid (Indicates the upper end of the price range for the shares bought on October 24, 2024.)
• £6.7940 — Lowest Price Paid (Indicates the lower end of the price range for the shares bought on October 24, 2024.)

Key Players & Entities

• HSBC Holdings plc (company) — Filer and subject of the transaction
• Merrill Lynch International (company) — Seller of the shares
• 1,098,073 (dollar_amount) — Number of shares purchased
• August 1, 2024 (date) — Date of initial buy-back announcement
• October 24, 2024 (date) — Date of share purchase
• £6.8640 (dollar_amount) — Highest price paid per share
• £6.7940 (dollar_amount) — Lowest price paid per share

FAQ

Key Financial Figures

• $0.50 — wing number of its ordinary shares of US$0.50 from Merrill Lynch International (
• $68.7500 — 000 Highest price paid per share: HK$68.7500 Lowest price paid per share: HK$68.
• $68.2000 — 7500 Lowest price paid per share: HK$68.2000 Volume weighted average price paid pe
• $68.5301 — ghted average price paid per share: HK$68.5301   All repurchases on The Stock
• $2,984.6m — total consideration of approximately US$2,984.6m.   Following the cancellation

Filing Documents

• a5442j.htm (6-K) — 23KB
• 0001654954-24-013296.txt ( ) — 24KB

From the Filing

IN OWN SHARES a5442j 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 October   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           HSBC HOLDINGS PLC   24 October 2024   Transaction in own shares     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: 24 October 2024 Number of ordinary shares of US$0.50 each purchased: 1,098,073 Highest price paid per share: £6.8640 Lowest price paid per share: £6.7940 Volume weighted average price paid per share: £6.8216   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: 24 October 2024 Number of ordinary shares of US$0.50 each purchased: 960,000 Highest price paid per share: HK$68.7500 Lowest price paid per share: HK$68.2000 Volume weighted average price paid per share: HK$68.5301   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.   Since the commencement of the buy-back announced on 1 August 2024, the Company has repurchased 343,712,392 ordinary shares for a total consideration of approximately US$2,984.6m.   Following the cancellation of the shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 18,165,447,729 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 18,165,447,729 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.   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/5438J_1-2024-10-24.pdf   This announcement will also be available on HSBC's website at  www.hsbc.com/sea   Enquiries to:   Lee Davis Corporate Governance & Secretariat shareholderquestions@hsbc.com +44 (0)20 7991 8888               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: 24 October 2024

View Full Filing

View this 6-K filing on SEC EDGAR