HSBC Concludes Share Buy-Back with 992,000 Shares

TL;DR

HSBC bought back 992K shares on Oct 25 as part of its Aug 1 buy-back plan.

AI Summary

HSBC Holdings plc announced on October 25, 2024, the purchase of 992,000 ordinary shares of US$0.50 each from Merrill Lynch International for cancellation. This transaction is part of a buy-back program initially announced on August 1, 2024. The highest price paid per share was £6.8730.

Why It Matters

This action reduces the number of outstanding shares, potentially increasing earnings per share and signaling confidence from the company in its valuation.

Risk Assessment

Risk Level: low — The filing is a routine update on a previously announced share buy-back program and does not introduce new material risks.

Key Numbers

• 992,000 — Shares Purchased (Represents the volume of shares bought back and cancelled as part of the program.)
• £6.8730 — Highest Price Per Share (Indicates the upper limit of the price paid for the shares during the transaction.)

Key Players & Entities

• HSBC Holdings plc (company) — Company making the announcement
• Merrill Lynch International (company) — Counterparty in share purchase
• 992,000 (dollar_amount) — Number of shares purchased
• August 1, 2024 (date) — Date of initial buy-back announcement
• October 25, 2024 (date) — Date of share purchase
• £6.8730 (dollar_amount) — Highest price paid per share

FAQ

Key Financial Figures

• $0.50 — wing number of its ordinary shares of US$0.50 from Merrill Lynch International (
• $69.1000 — 400 Highest price paid per share: HK$69.1000 Lowest price paid per share: HK$68.
• $68.6000 — 1000 Lowest price paid per share: HK$68.6000 Volume weighted average price paid pe
• $68.9305 — ghted average price paid per share: HK$68.9305   All repurchases on The Stock
• $67.4942 — at a volume weighted average price of HK$67.4942 per ordinary share, for a total conside
• $3b — total consideration of approximately US$3bn.   In accordance with Article

Filing Documents

• a7575j.htm (6-K) — 23KB
• 0001654954-24-013328.txt ( ) — 24KB

From the Filing

IN OWN SHARES & CONCLUSION OF BUY-BACK a7575j 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   25 October   2024   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 announced on 1 August 2024.   UK Venues   Date of purchase: 25 October 2024 Number of ordinary shares of US$0.50 each purchased: 992,000 Highest price paid per share: £6.8730 Lowest price paid per share: £6.8230 Volume weighted average price paid per share: £6.8527     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: 25 October 2024 Number of ordinary shares of US$0.50 each purchased: 648,400 Highest price paid per share: HK$69.1000 Lowest price paid per share: HK$68.6000 Volume weighted average price paid per share: HK$68.9305   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's issued ordinary share capital will consist of 18,164,455,729 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 18,164,455,729 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.   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 172,311,192 ordinary shares on the UK Venues at a volume weighted average price of £6.6339 per ordinary share, and 173,041,600 ordinary shares on the Hong Kong Stock Exchange at a volume weighted average price of HK$67.4942 per ordinary share, for a total consideration of approximately US$3bn.   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/7570J_1-2024-10-25.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: 25 October 2024

View Full Filing

View this 6-K filing on SEC EDGAR