Scrip Dividend - Exchange Rate

RNS Number : 3229Q

HSBC Holdings PLC

28 November 2016

 



28 November 2016                

HSBC HOLDINGS PLC

THIRD INTERIM DIVIDEND FOR 2016

On 3 October 2016, the Directors of HSBC Holdings plc declared the third interim dividend for 2016 of US$0.10 per ordinary share. The dividend is payable on 6 December 2016 to holders of record on 21 October 2016 on the Principal Register in the United Kingdom or the Bermuda Overseas Branch Register and to holders of record on 24 October 2016¹ on the Hong Kong Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies, and with a scrip dividend alternative.

Dividends payable in cash in Hong Kong dollars or sterling will be converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 28 November 2016 (US$1=HK$7.755587 and £1=US$1.243524). Accordingly, the cash dividend payable on 6 December 2016 will be:

US$0.10 per share;

approximately HK$0.775559 per share; or

approximately £0.080417 per share.

For holders of American Depositary Shares ('ADSs'), each of which represents five ordinary shares, the cash dividend payable will be US$0.50 per ADS. It will be paid on 6 December 2016. The dividend for participants in the dividend reinvestment plan, operated by the Bank of New York Mellon, will be invested in additional ADSs.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

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1 Record date on the Hong Kong Overseas Branch Register changed in accordance with Practice Note 8 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to raising of typhoon signal no.8 in Hong Kong on 21 October 2016.

 

END

 

 

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