HSBC Buys Back Shares as Part of Buy-Back Program
Ticker: HBCYF · Form: 6-K · Filed: Apr 11, 2025 · CIK: 1089113
| Field | Detail |
|---|---|
| Company | Hsbc Holdings PLC (HBCYF) |
| Form Type | 6-K |
| Filed Date | Apr 11, 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 nearly 1.8M shares from Merrill Lynch as part of its ongoing buy-back, prices were between £7.32-£7.48.
AI Summary
HSBC Holdings plc announced on April 11, 2025, that it purchased 1,799,753 ordinary shares of US$0.50 each from Merrill Lynch International for cancellation. This transaction is part of the company's share buy-back program announced on February 20, 2025. The shares were purchased on UK venues at prices ranging from £7.3220 to £7.4850 per share.
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 — This is a routine disclosure of share repurchases as part of an announced program, with no new material risks introduced.
Key Numbers
- 1,799,753 — Shares Purchased (Part of the ongoing share buy-back program.)
- £7.3220 - £7.4850 — Price Range per Share (The range at which shares were repurchased.)
Key Players & Entities
- HSBC Holdings plc (company) — Company making the announcement
- Merrill Lynch International (company) — Seller of shares
- 1,799,753 (dollar_amount) — Number of shares purchased
- 20 February 2025 (date) — Date of initial buy-back announcement
- 11 April 2025 (date) — Date of share purchase
- £7.4850 (dollar_amount) — Highest price paid per share
- £7.3220 (dollar_amount) — Lowest price paid per share
FAQ
What is the total value of the shares purchased on April 11, 2025?
The filing does not provide the total value, but states 1,799,753 shares were purchased at a volume weighted average price between £7.3220 and £7.4850.
When was the share buy-back program initially announced?
The share buy-back program was announced on February 20, 2025.
Who was the counterparty for this specific share purchase?
The shares were purchased from Merrill Lynch International.
What is the denomination of the ordinary shares purchased?
The ordinary shares are of US$0.50 each.
Are these shares being held in treasury or cancelled?
The filing states the shares were purchased 'for cancellation'.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 11, 2025 regarding HSBC HOLDINGS PLC (HBCYF).