HSBC Buys Back Shares from Morgan Stanley

TL;DR

HSBC just bought back 6.3M shares from Morgan Stanley as part of its buyback program.

AI Summary

HSBC Holdings plc announced on December 19, 2024, that it purchased 6,388,089 ordinary shares of US$0.50 each from Morgan Stanley & Co. International plc for cancellation. This transaction is part of a buy-back program initially announced on October 30, 2024. The shares were purchased on UK venues at prices ranging from £7.5610 to £7.6730 per share.

Why It Matters

This share buyback indicates HSBC is returning capital to shareholders, potentially boosting earnings per share and signaling confidence in its valuation.

Risk Assessment

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

Key Numbers

• 6,388,089 — Shares Purchased (Number of ordinary shares bought back from Morgan Stanley.)
• £7.6730 — Highest Price Paid (Maximum price per share paid in the transaction.)
• £7.5610 — Lowest Price Paid (Minimum price per share paid in the transaction.)

Key Players & Entities

• HSBC Holdings plc (company) — The company announcing the share purchase.
• Morgan Stanley & Co. International plc (company) — The seller of the shares to HSBC.
• 6,388,089 (dollar_amount) — Number of ordinary shares purchased.
• 30 October 2024 (date) — Date the buy-back program was announced.
• 19 December 2024 (date) — Date of the current share purchase.
• £7.6730 (dollar_amount) — Highest price paid per share.
• £7.5610 (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
• $74.8000 — A0; Highest price paid per share: HK$74.8000  Lowest price paid per share:
• $74.0500 — xA0; Lowest price paid per share: HK$74.0500  Volume weighted average price p
• $74.4913 — ghted average price paid per share: HK$74.4913    All repurchases on The
• $1,827.1m — total consideration of approximately US$1,827.1m.   Following the cancellation

Filing Documents

• a8301q.htm (6-K) — 22KB
• 0001654954-24-015744.txt ( ) — 23KB

From the Filing

IN OWN SHARES a8301q FORM 6- 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 December   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   19 December 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: 19 December 2024 Number of ordinary shares of US$0.50 each purchased: 6,388,089  Highest price paid per share: £7.6730  Lowest price paid per share: £7.5610  Volume weighted average price paid per share: £7.6230    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: 19 December 2024 Number of ordinary shares of US$0.50 each purchased: 2,632,000  Highest price paid per share: HK$74.8000  Lowest price paid per share: HK$74.0500  Volume weighted average price paid per share: HK$74.4913    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 197,857,713 ordinary shares for a total consideration of approximately US$1,827.1m.   Following the cancellation of the shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 17,955,961,239 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 17,955,961,239 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/8281Q_1-2024-12-19.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: 19 December 2024

View Full Filing

View this 6-K filing on SEC EDGAR