Overseas Regulatory Announcement - Grant of Awards

HSBC Holdings PLC
10 October 2024
 

 

The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 10 October 2024 pursuant to rules 17.06A, 17.06B and 17.06C 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 document, 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 document.

 

 

10 October 2024

(Hong Kong Stock Code: 5)

 

HSBC HOLDINGS PLC

 

GRANT OF CONDITIONAL AWARDS

 

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

 

On 9 October 2024, HSBC Holdings plc (the "Company") granted conditional awards ("Awards") to employees to subscribe for a total of 444,419.31691 ordinary shares of US$0.50 each of the Company under the HSBC International Employee Share Purchase Plan (the "Plan").

 

The following are the details of the grants:

 

Grant date

9 October 2024

Category of grantee

Employees

Number of shares under Awards

 213,425.07453 LSE listed shares

 230,994.24238 HKSE listed shares

Closing market price of the ordinary shares on the London Stock Exchange and the Hong Kong Stock Exchange on the date of grant

 GBP 6.694

 HKD 67.80

Purchase price of Awards granted

 GBP 0

Vesting period of the Awards

2 years

Performance Targets and Clawback

Grants of Awards under the Plan do not have performance conditions or clawback provisions due to the all-employee nature of the Plan

Arrangements for the Company or a subsidiary to provide financial assistance to the grantees

None

Number of shares available for future grant under the plan mandate

The Plan is subject to a limit on the number of Shares committed to be issued under all Plan Awards:

10% of the ordinary share capital of the Company in issue immediately before that day, when added to the number of Shares which have been issued, or committed to be issued, to satisfy Awards under the Plan, or options or awards under any other employee share plan operated by the Company granted in the previous 10 years. The number of Shares available to issue under this limit is 948,232,476.

 

 

 

For and on behalf of

HSBC Holdings plc

 

Aileen Taylor

Company Secretary

 

The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises:

Sir Mark Edward Tucker*, Georges Bahjat Elhedery, Geraldine Joyce Buckingham, Rachel Duan, Dame Carolyn Julie Fairbairn, James Anthony Forese, Ann Frances Godbehere, Steven Craig Guggenheimer, Dr José Antonio Meade Kuribreña, Kalpana Jaisingh Morparia, Eileen K Murray, Brendan Robert Nelson and Swee Lian Teo.

 

*  Non-executive Group Chairman

  Independent non-executive Director

 

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered in England: number 617987

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