HSBC Buys Back 2.8M Shares from Morgan Stanley

TL;DR

HSBC just bought back 2.8M shares from MS for cancellation as part of their buyback. Bullish.

AI Summary

HSBC Holdings plc announced on November 15, 2024, that it purchased 2,835,938 of its ordinary shares for cancellation from Morgan Stanley & Co. International plc. These shares were bought as part of a previously announced buy-back program initiated on October 30, 2024. The highest price paid per share was £7.1880 and the lowest was £7.0710.

Why It Matters

This transaction indicates HSBC is actively executing its share buy-back program, which can signal confidence in the company's valuation and potentially boost shareholder returns.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of share repurchases, a common corporate action with no immediate negative implications.

Key Numbers

• 2,835,938 — Shares Purchased (Represents shares bought back for cancellation as part of the announced program.)
• £7.1880 — Highest Price Paid (Maximum price per share paid in this transaction.)
• £7.0710 — Lowest Price Paid (Minimum price per share paid in this transaction.)

Key Players & Entities

• HSBC Holdings plc (company) — Filer and subject of the transaction
• Morgan Stanley & Co. International plc (company) — Seller of the shares
• 2,835,938 (dollar_amount) — Number of shares purchased
• £7.1880 (dollar_amount) — Highest price paid per share
• £7.0710 (dollar_amount) — Lowest price paid per share
• 30 October 2024 (date) — Date of initial buy-back announcement
• 15 November 2024 (date) — Date of share purchase

FAQ

Key Financial Figures

• $0.50 — wing number of its ordinary shares of US$0.50 from Morgan Stanley & Co. Internat

Filing Documents

• a5063m.htm (6-K) — 22KB
• 0001654954-24-014533.txt ( ) — 22KB

From the Filing

IN OWN SHARES a5063m 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       HSBC HOLDINGS PLC   15 November 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 Morgan Stanley & Co. International plc (" Morgan Stanley ") as part of its buy-back announced on 30 October 2024.   UK Venues   Date of purchase: 15 November 2024 Number of ordinary shares of US$0.50 each purchased: 2,835,938 Highest price paid per share: £ 7.1880 Lowest price paid per share: £ 7.0710 Volume weighted average price paid per share: £ 7.1535   All repurchases on the London Stock Exchange, Aquis 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: 15 November 2024 Number of ordinary shares of US$0.50 each purchased: 215,200 Highest price paid per share: HK$ 70.0000 Lowest price paid per share: HK$ 69.5000 Volume weighted average price paid per share: HK$ 69.7608   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 30 October 2024, the Company has repurchased 96,779,784 ordinary shares for a total consideration of approximately US$ 882.0m.   On 15 November 2024, 18,056,800 of the ordinary shares of US$0.50 each which were awaiting cancellation having been repurchased on the Hong Kong Stock Exchange previously were cancelled. Following cancellation of those shares and following the cancellation of shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 18,069,651,168 ordinary shares with voting rights. There are no ordinary shares held in treasury. Cancellation of the shares repurchased today 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 18,069,651,168 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, as amended), a full breakdown of the individual trades made by Morgan Stanley on behalf of the Company is available via the link below.   http://www.rns-pdf.londonstockexchange.com/rns/5056M_1-2024-11-15.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: 15 November 2024  

View Full Filing

View this 6-K filing on SEC EDGAR