HSBC Buys Back 1.9M Shares
Ticker: HBCYF · Form: 6-K · Filed: Apr 2, 2025 · CIK: 1089113
| Field | Detail |
|---|---|
| Company | Hsbc Holdings PLC (HBCYF) |
| Form Type | 6-K |
| Filed Date | Apr 2, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, transaction
Related Tickers: HSBC
TL;DR
HSBC just bought back nearly 2M shares for cancellation, part of its ongoing buyback program.
AI Summary
HSBC Holdings plc announced on April 2, 2025, that it purchased 1,946,345 ordinary shares of US$0.50 each for cancellation from Merrill Lynch International. These shares were bought on UK venues at prices ranging from £8.7140 to £8.8200 per share, as part of a buy-back program announced on February 20, 2025.
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 — This is a routine share repurchase announcement, a common capital management activity for large companies.
Key Numbers
- 1,946,345 — Shares Purchased (Part of HSBC's buy-back program.)
- £8.8200 — Highest Price Paid (Maximum price per share in the transaction.)
- £8.7140 — Lowest Price Paid (Minimum price per share in the transaction.)
Key Players & Entities
- HSBC Holdings plc (company) — Issuer
- Merrill Lynch International (company) — Seller of shares
- April 2, 2025 (date) — Date of share purchase
- February 20, 2025 (date) — Date of buy-back announcement
- 1,946,345 (share_count) — Number of shares purchased
- £8.8200 (dollar_amount) — Highest price paid per share
- £8.7140 (dollar_amount) — Lowest price paid per share
FAQ
What is the total value of the shares purchased on April 2, 2025?
The filing does not provide a total value, but states 1,946,345 shares were purchased at prices between £8.7140 and £8.8200.
Who was the counterparty for the share purchase?
HSBC Holdings plc purchased the shares from Merrill Lynch International.
Is this a new buy-back program?
No, these purchases are part of a buy-back program that was announced on February 20, 2025.
Where did the share purchases take place?
The purchases were made on UK venues.
What is the denomination of the shares purchased?
The ordinary shares purchased are of US$0.50 each.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 2, 2025 regarding HSBC HOLDINGS PLC (HBCYF).