First Interim Dividend for 2017 -Scrip Alternative

RNS Number : 2237G

HSBC Holdings PLC

25 May 2017

 

HSBC HOLDINGS PLC

FIRST INTERIM DIVIDEND FOR 2017

SCRIP DIVIDEND ALTERNATIVE

On 4 May 2017, the Directors of HSBC Holdings plc declared a first interim dividend for 2017 of US$0.10 per ordinary share. The first interim dividend will be payable on 5 July 2017 to holders of record on 19 May 2017 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$8.6500 for each new share

The 'Market Value' is the United States dollar equivalent of £6.6610 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 18 May 2017.

Dividends payable in cash in sterling or Hong Kong dollars on 5 July 2017 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 26 June 2017. 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 2 June 2017 and elections must be received by the Registrar by 22 June 2017.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 4,000 offices in 70 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,416bn at 31 March 2017, HSBC is one of the world's largest banking and financial services organisations.

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