The following is the text of an
announcement released to the Stock Exchange of Hong Kong Limited on
11 April 2024 pursuant to rules 17.06A,
17.06B and 17.06C of the Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited:
Hong Kong Exchanges and Clearing Limited and The Stock
Exchange of Hong Kong Limited take no responsibility for the
contents of this document, make no representation as to its
accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this
document.
11 April 2024
(Hong Kong Stock Code: 5)
HSBC HOLDINGS PLC
GRANT OF CONDITIONAL AWARDS
This announcement is made pursuant to Rules 17.06A,
17.06B and 17.06C of the Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited.
On 10 April 2024, HSBC Holdings plc (the
"Company") granted
conditional awards ("Awards") to employees to subscribe for
a total of 494,791.30623 ordinary shares of US$0.50 each of the
Company under the HSBC International Employee Share Purchase Plan
(the "Plan").
The following are the details of the grants:
|
Grant date
|
10 April 2024
|
|
Category of grantee
|
Employees
|
|
Number of shares under
Awards
|
239,288.18490
LSE listed shares
255,503.12133 HKSE listed
shares
|
|
Closing market price of the ordinary shares on the
London Stock Exchange and the Hong Kong Stock Exchange on the date
of grant
|
GBP 6.632
HK$ 64.80
|
|
Purchase price of Awards granted
|
GBP 0
|
|
Vesting period of the Awards
|
2 years and 6 months
|
|
Performance Targets and Clawback
|
Grants of Awards under the Plan do not have
performance conditions or clawback provisions due to the
all-employee nature of the Plan
|
|
Arrangements for the Company or a subsidiary to
provide financial assistance to the grantees
|
None
|
|
Number of shares available for future grant under the
plan mandate
|
The Plan is subject to a limit on the number of
Shares committed to be issued under all Plan Awards:
10% of the ordinary share capital of the Company in
issue immediately before that day, when added to the number of
Shares which have been issued, or committed to be issued, to
satisfy Awards under the Plan, or options or awards under any other
employee share plan operated by the Company granted in the previous
10 years. The number of Shares available to issue under this limit
is 1,027,242,101.
|
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance
Officer
The Board of Directors of HSBC
Holdings plc as at the date of this announcement
comprises:
Mark Edward Tucker*, Noel Paul
Quinn, Geraldine Joyce Buckingham†, Rachel
Duan†, Georges Bahjat Elhedery, Dame Carolyn Julie
Fairbairn†, James Anthony Forese†, Ann
Frances Godbehere†, Steven Craig
Guggenheimer†, Dr José Antonio Meade
Kuribreña†, Kalpana Jaisingh Morparia†,
Eileen K Murray†, Brendan Robert Nelson†,
David Thomas Nish† and Swee Lian
Teo†.
*
Non-executive Group Chairman
† Independent
non-executive Director
HSBC Holdings plc
Registered Office and Group Head Office:
8 Canada Square, London E14 5HQ,
United Kingdom Web: www.hsbc.com
Incorporated in England with limited liability. Registered in
England: number 617987