HSBC Buys Back 7.2M Shares from Morgan Stanley

TL;DR

HSBC just bought back 7.2M shares for cancellation from Morgan Stanley as part of its ongoing buyback program.

AI Summary

HSBC Holdings plc announced on December 20, 2024, that it purchased 7,262,806 of its ordinary shares for cancellation from Morgan Stanley & Co. International plc. This transaction is part of a previously announced buy-back program initiated on October 30, 2024. The shares were purchased on UK venues, with the highest price paid per share being £7.6420 and the lowest being £7.5020.

Why It Matters

This share repurchase reduces the number of outstanding shares, potentially increasing earnings per share and signaling management's confidence in the company's valuation.

Risk Assessment

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

Key Numbers

• 7,262,806 — Shares Purchased (Represents a portion of HSBC's ongoing share buy-back program.)
• £7.6420 — Highest Price Per Share (Indicates the upper limit of the price paid for the repurchased shares.)
• £7.5020 — Lowest Price Per Share (Indicates the lower limit of the price paid for the repurchased shares.)

Key Players & Entities

• HSBC Holdings plc (company) — Filer and subject of the transaction
• Morgan Stanley & Co. International plc (company) — Seller of the shares
• 7,262,806 (dollar_amount) — Number of shares purchased
• 30 October 2024 (date) — Date of the initial buy-back announcement
• 20 December 2024 (date) — Date of the current share purchase
• £7.6420 (dollar_amount) — Highest price paid per share
• £7.5020 (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
• $74.9000 — 400 Highest price paid per share: HK$74.9000 Lowest price paid per share: HK$74.
• $74.4500 — 9000 Lowest price paid per share: HK$74.4500 Volume weighted average price paid pe
• $74.6917 — ghted average price paid per share: HK$74.6917   All repurchases on The Stock
• $1,913.4m — total consideration of approximately US$1,913.4m.   Following the cancellation

Filing Documents

• a0102r.htm (6-K) — 22KB
• 0001654954-24-015817.txt ( ) — 23KB

From the Filing

IN OWN SHARES a0102r 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 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   20 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: 20 December 2024 Number of ordinary shares of US$0.50 each purchased: 7,262,806  Highest price paid per share: £7.6420 Lowest price paid per share: £7.5020  Volume weighted average price paid per share: £7.5649    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: 20 December 2024 Number of ordinary shares of US$0.50 each purchased: 1,826,400 Highest price paid per share: HK$74.9000 Lowest price paid per share: HK$74.4500 Volume weighted average price paid per share: HK$74.6917   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 206,946,919 ordinary shares for a total consideration of approximately US$1,913.4m.   Following the cancellation of the shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 17,948,698,433 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 17,948,698,433 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/0090R_1-2024-12-20.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: 20 December 2024

View Full Filing

View this 6-K filing on SEC EDGAR