First interim dividend 2019 - scrip alternative

RNS Number : 9885Z

HSBC Holdings PLC

23 May 2019

 

23 May 2019

HSBC HOLDINGS PLC

FIRST INTERIM DIVIDEND FOR 2019

SCRIP DIVIDEND ALTERNATIVE

On 3 May 2019, the Directors of HSBC Holdings plc declared a first interim dividend for 2019 of US$0.10 per ordinary share. The first interim dividend will be payable on 5 July 2019 to holders of record on 17 May 2019 on the Principal Register in the United Kingdom, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies, with a scrip dividend alternative.

The 'Market Value' for the issue of new shares under the scrip dividend alternative is:

US$8.3022 for each new share

The 'Market Value' is the United States dollar equivalent of £6.5516 being the average of the middle market quotations for the ordinary shares on the London Stock Exchange as derived from the Daily Official List for the five business days beginning on 16 May 2019.

Dividends payable in cash, in sterling or Hong Kong dollars on 5 July 2019 will be converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00am on 24 June 2019. These exchange rates will be announced to the London, Hong Kong, New York, Paris and Bermuda stock exchanges.

Particulars of the dividend arrangements will be sent to shareholders on or about 30 May 2019 and elections must be received by the Registrar by 20 June 2019.

For and on behalf of

HSBC Holdings plc

Richard Gray

Group Company Secretary

 

END

 

 

DIVLIFSTEVIVFIA