Second interim dividend 2017 - scrip alternative

RNS Number : 6337N

HSBC Holdings PLC

10 August 2017

 

HSBC HOLDINGS PLC

SECOND INTERIM DIVIDEND FOR 2017

SCRIP DIVIDEND ALTERNATIVE

On 31 July 2017, the Directors of HSBC Holdings plc declared a second interim dividend for 2017 of US$0.10 per ordinary share. The second interim dividend will be payable on 20 September 2017 to holders of record on 4 August 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$9.9680 for each new share

The 'Market Value' is the United States dollar equivalent of £7.6606 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 3 August 2017.

Dividends payable in cash in sterling or Hong Kong dollars on 20 September 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 11 September 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 17 August 2017 and elections must be received by the Registrar by 7 September 2017.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

Note to editors:

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,492bn at 30 June 2017, HSBC is one of the world's largest banking and financial services organisations.

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