Second interim dividend 2019 - scrip alternative

RNS Number : 9188J

HSBC Holdings PLC

22 August 2019

 

22 August 2019

HSBC HOLDINGS PLC

SECOND INTERIM DIVIDEND FOR 2019

SCRIP DIVIDEND ALTERNATIVE

On 5 August 2019, the Directors of HSBC Holdings plc declared a second interim dividend for 2019 of US$0.10 per ordinary share. The second interim dividend will be payable on 26 September 2019 to holders of record on 16 August 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$7.2477 for each new share

The 'Market Value' is the United States dollar equivalent of £5.9748 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 15 August 2019.

Dividends payable in cash, in sterling or Hong Kong dollars on 26 September 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 16 September 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 28 August 2019 and elections must be received by the Registrar by 12 September 2019.

For and on behalf of

HSBC Holdings plc

Richard Gray

Group Company Secretary

 

END

 

 

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