Savings Related Option Grant

RNS Number : 4424F

HSBC Holdings PLC

26 April 2011

 



The following is the text of an announcement released to The Stock Exchange of Hong Kong Limited on 21 April 2011 pursuant to rule 17.06A 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 announcement, 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 announcement.

HSBC HOLDINGS PLC

GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

On 20 April 2011 HSBC Holdings plc granted share options ("Options") to employees to subscribe for a total of 23,198,860 ordinary shares of US$0.50 each of the Company under the savings-related share option plans adopted on 27 May 2005.  The following are the details of the grant:

Price at which the Options granted	Option Period	Number of shares under Option
	1 year	5,665,397
GBP5.0971	3 years	6,732,658
	5 years	2,902,546
	1 year	257,119
EUR5.7974	3 years	234,640
	5 years	89,538
	1 year	3,461,659
HKD63.9864	3 years	1,260,494
	5 years	405,759
	1 year	406,601
USD8.2094	3 years	914,620
	5 years	271,390
USD8.7225	1 year	596,439
	1 year	10,387,215
Total number of options granted	3 years	9,142,412
	5 years	3,669,233
		23,198,860
Closing price of the ordinary shares on the date of grant	£6.518
Validity period of the Options	1 year, exercisable from 1 August 2012  to 31 Oct 2012 3 years, exercisable from 1 August 2014  to 31 Jan 2015 5 years, exercisable from 1 August 2016  to 31 Jan 2017

By Order of the Board

R G Barber

Group Company Secretary

21 April 2011

The Board of Directors of HSBC Holdings plc as at the date of this announcement are: D J Flint, S T Gulliver, S A Catz^†, L M L Cha^†, V H C Cheng, M K T Cheung^†, J D Coombe^†, R A Fairhead^†, A A Flockhart, J W J Hughes-Hallett^†, W S H Laidlaw^†, J R Lomax^†, I J Mackay, G Morgan^†, N R N Murthy^†, Sir Simon Robertson^†, J L Thornton^† and Sir Brian Williamson^†.

† Independent non-executive Director

Hong Kong Stock Code: 5

 

END

 

 

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