HSBC Buys Back 2.19M Shares from Merrill Lynch
Ticker: HBCYF · Form: 6-K · Filed: Mar 20, 2025 · CIK: 1089113
| Field | Detail |
|---|---|
| Company | Hsbc Holdings PLC (HBCYF) |
| Form Type | 6-K |
| Filed Date | Mar 20, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, transaction-in-own-shares, capital-return
Related Tickers: HSBC
TL;DR
HSBC just bought back 2.19M shares for cancellation as part of its buy-back program.
AI Summary
HSBC Holdings plc announced on March 20, 2025, that it purchased 2,194,030 of its ordinary shares for cancellation from Merrill Lynch International. This transaction is part of a buy-back program initially announced on February 20, 2025. The shares were purchased on UK venues, with the highest price paid per share being £8.9310 and the lowest being £8.7330.
Why It Matters
This share repurchase 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, a common corporate action with no immediate negative implications.
Key Numbers
- 2,194,030 — Shares Purchased (Represents a portion of HSBC's buy-back program.)
- £8.9310 — Highest Price Paid (Maximum price per share in the transaction.)
- £8.7330 — Lowest Price Paid (Minimum price per share in the transaction.)
Key Players & Entities
- HSBC Holdings plc (company) — Filer and subject of the transaction
- Merrill Lynch International (company) — Seller of the shares
- 2,194,030 (dollar_amount) — Number of shares purchased
- £8.9310 (dollar_amount) — Highest price paid per share
- £8.7330 (dollar_amount) — Lowest price paid per share
- 20 March 2025 (date) — Date of share purchase
- 20 February 2025 (date) — Date of initial buy-back announcement
FAQ
What is the total value of the shares purchased on March 20, 2025?
The filing does not provide the total value, but states 2,194,030 shares were purchased at prices between £8.7330 and £8.9310.
Is this share purchase part of a larger buy-back program?
Yes, the filing explicitly states this transaction is part of the buy-back announced on February 20, 2025.
From whom did HSBC purchase these shares?
HSBC purchased the shares from Merrill Lynch International.
What is the denomination of the ordinary shares purchased?
The ordinary shares purchased are of US$0.50 each.
Where were these shares purchased?
The shares were purchased on UK venues.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 20, 2025 regarding HSBC HOLDINGS PLC (HBCYF).