Third interim dividend 2017 - scrip alternative

RNS Number : 0749U

HSBC Holdings PLC

19 October 2017

 

19 October 2017

HSBC HOLDINGS PLC

THIRD INTERIM DIVIDEND FOR 2017

SCRIP DIVIDEND ALTERNATIVE

On 3 October 2017, the Directors of HSBC Holdings plc declared a third interim dividend for 2017 of US$0.10 per ordinary share. The third interim dividend will be payable on 22 November 2017 to holders of record on 13 October 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$9.8000 for each new share

The 'Market Value' is the United States dollar equivalent of £7.4434 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 12 October 2017.

Dividends payable in cash in sterling or Hong Kong dollars on 22 November 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 13 November 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 25 October 2017 and elections must be received by the Registrar by 9 November 2017.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

 

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