Savings Related Share Option

RNS Number : 8456R

HSBC Holdings PLC

07 May 2009

 



The following is the text of an announcement released to The Stock Exchange of Hong Kong Limited on 7 May 2009 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 29 April 2009 HSBC Holdings plc granted share options ("Options") to employees to subscribe for a total of 152,795,762 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
GBP 3.3116	1 year	4,625,837
	3 years	45,599,970
	5 years	39,067,441
EUR 3.6361	1 year	369,886
	3 years	1,466,146
	5 years	1,058,095
HKD 37.8797	1 year	5,783,397
	3 years	23,940,771
	5 years	21,513,401
USD 4.8876	1 year	604,897
	3 years	5,084,031
	5 years	2,599,092
USD 5.1931	1 year	1,082,798
Total number of options granted	1 year	12,466,815
	3 years	76,090,918
	5 years	64,238,029
		152,795,762
Closing price of the ordinary shares on the date of grant	₤4.6525
Validity period of the Options	1 year, exercisable from 1 August 2010 to 31 Oct 2010 3 years, exercisable from 1 August 2012 to 31 Jan 2013 5 years, exercisable from 1 August 2014 to 31 Jan 2015

Among the Options granted above, Options within the 5 Year Plan in respect of a total of 4,529 Shares were granted to a director of the Company as follows:

Name                                               Position                                     No. of Options

Alexander Andrew Flockhart            Executive Director                     4,529

By Order of the Board

R G Barber

Group Company Secretary

7 May 2009

The Board of Directors of HSBC Holdings plc as at the date of this announcement are: S K Green, M F Geoghegan, S A Catz†, V H C Cheng, M K T Cheung†, J D Coombe†, J L Durán†, R A Fairhead†, D J Flint,

A A Flockhart, W K L Fung*, S T Gulliver, J W J Hughes-Hallett†, W S H Laidlaw†, J R Lomax†, Sir Mark Moody-Stuart†, G Morgan†, N R N Murthy†, S M Robertson†, J L Thornton† and Sir Brian Williamson†.

* Non-executive Director

† Independent non-executive Director

Hong Kong Stock Code: 5

 

END

 

 

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