HSBC seeks block listing for 15M shares
Ticker: HBCYF · Form: 6-K · Filed: Nov 12, 2024 · CIK: 1089113
Sentiment: neutral
Topics: share-listing, stock-plan, london-stock-exchange
Related Tickers: HSBC
TL;DR
HSBC filing for 15M new shares to be listed Nov 13th.
AI Summary
HSBC Holdings plc announced on November 11, 2024, an application for a block listing of 15,000,000 Ordinary Shares, each with a nominal value of US$0.50. These shares are intended for issuance under the HSBC Share Plan 2011 and are expected to be admitted to the Official List and trading on the London Stock Exchange on November 13, 2024.
Why It Matters
This action indicates HSBC's ongoing share issuance program, likely to fulfill employee stock options or grants, which could impact share count and dilution.
Risk Assessment
Risk Level: low — This is a routine filing for share issuance under an existing plan, not indicative of new financial distress or significant strategic shifts.
Key Numbers
- 15,000,000 — Ordinary Shares (Number of shares to be admitted to the Official List and trading)
- US$0.50 — Nominal Value per Share (Face value of each ordinary share)
Key Players & Entities
- HSBC Holdings plc (company) — Filer of the report
- 15,000,000 Ordinary Shares (dollar_amount) — Number of shares to be listed
- US$0.50 (dollar_amount) — Nominal value per share
- HSBC Share Plan 2011 (company) — Plan under which shares will be issued
- Financial Conduct Authority (company) — Regulatory body to which application is made
- London Stock Exchange (company) — Exchange where shares will be listed
FAQ
What is the purpose of the block listing?
The block listing is for 15,000,000 Ordinary Shares of US$0.50 each to be issued under the HSBC Share Plan 2011.
When are the new shares expected to be admitted to trading?
The new Ordinary Shares are expected to be admitted to The Official List and to trading on The London Stock Exchange on November 13, 2024.
What is the nominal value of each ordinary share?
The nominal value of each ordinary share is US$0.50.
Which regulatory bodies are involved in this listing?
Applications have been made to the Financial Conduct Authority and the London Stock Exchange.
How will the new shares rank against existing shares?
The new Ordinary Shares will rank pari passu (equally) with the existing issued Ordinary Shares of the Company.
Filing Stats: 268 words · 1 min read · ~1 pages · Grade level 13.7 · Accepted 2024-11-12 06:06:55
Key Financial Figures
- $0.50 — 15,000,000   Ordinary Shares of US$0.50 each for issue under the HSBC Share Pla
Filing Documents
- a7497l.htm (6-K) — 12KB
- 0001654954-24-014052.txt ( ) — 13KB
From the Filing
LISTING a7497l 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 November   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     11 November 2024   HSBC HOLDINGS PLC   BLOCK LISTING   Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of 15,000,000   Ordinary Shares of US$0.50 each for issue under the HSBC Share Plan 2011 to be admitted to the Official List and to trading upon issue.    The new Ordinary Shares will rank pari passu with the existing issued Ordinary Shares of the Company.   The shares are expected to be admitted to The Official List and to trading on The London Stock Exchange on 13 November 2024.   For and on behalf of HSBC Holdings plc   Aileen Taylor Company Secretary   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: 11 November 2024