HSBC Buys Back 6.5M Shares from Morgan Stanley

TL;DR

HSBC just bought back 6.5M shares from Morgan Stanley as part of its ongoing buyback program.

AI Summary

HSBC Holdings plc announced on November 22, 2024, that it purchased 6,569,624 of its ordinary shares for cancellation from Morgan Stanley & Co. International plc. These shares were bought as part of a buy-back program initially announced on October 30, 2024, with prices ranging from £7.1800 to £7.3180 per share.

Why It Matters

This share buyback indicates HSBC's commitment to returning capital to shareholders and can potentially increase earnings per share by reducing the number of outstanding shares.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of share repurchases and does not present new or significant risks.

Key Numbers

• 6,569,624 — Shares Purchased (Represents a portion of HSBC's buy-back program.)
• £7.3180 — Highest Price Per Share (Indicates the upper limit of the price paid in this transaction.)
• £7.1800 — Lowest Price Per Share (Indicates the lower limit of the price 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
• 6,569,624 (dollar_amount) — Number of shares purchased
• 30 October 2024 (date) — Date of initial buy-back announcement
• 22 November 2024 (date) — Date of share purchase
• £7.3180 (dollar_amount) — Highest price paid per share
• £7.1800 (dollar_amount) — Lowest price paid per share

FAQ

Key Financial Figures

• $0.50 — wing number of its ordinary shares of US$0.50 from Morgan Stanley & Co. Internat
• $71.7000 — A0; Highest price paid per share: HK$71.7000  Lowest price paid per share:
• $70.8500 — xA0; Lowest price paid per share: HK$70.8500  Volume weighted average price p
• $71.2139 — ghted average price paid per share: HK$71.2139    All repurchases on The
• $1,157.5m — total consideration of approximately US$1,157.5m.   Following the cancellation

Filing Documents

• a4032n.htm (6-K) — 22KB
• 0001654954-24-014813.txt ( ) — 23KB

From the Filing

IN OWN SHARES a4032n 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   22 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: 22 November 2024 Number of ordinary shares of US$0.50 each purchased: 6,569,624   Highest price paid per share: £7.3180  Lowest price paid per share: £7.1800  Volume weighted average price paid per share: £7.2392     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: 22 November 2024 Number of ordinary shares of US$0.50 each purchased: 3,336,800   Highest price paid per share: HK$71.7000  Lowest price paid per share: HK$70.8500  Volume weighted average price paid per share: HK$71.2139    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 127,001,709   ordinary shares for a total consideration of approximately US$1,157.5m.   Following the cancellation of the shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 18,048,549,243 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 18,048,549,243 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/4011N_1-2024-11-22.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: 22 November 2024

View Full Filing

View this 6-K filing on SEC EDGAR