Second interim dividend 2018 - scrip alternative

RNS Number : 6760Y

HSBC Holdings PLC

23 August 2018

 

23 August 2018

HSBC HOLDINGS PLC

SECOND INTERIM DIVIDEND FOR 2018

SCRIP DIVIDEND ALTERNATIVE

On 6 August 2018, the Directors of HSBC Holdings plc declared a second interim dividend for 2018 of US$0.10 per ordinary share. The second interim dividend will be payable on 27 September 2018 to holders of record on 17 August 2018 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$8.9716 for each new share

The 'Market Value' is the United States dollar equivalent of £6.9574 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 16 August 2018.

Dividends payable in cash in sterling or Hong Kong dollars on 27 September 2018 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 17 September 2018. 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 29 August 2018 and elections must be received by the Registrar by 13 September 2018.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

 

END

 

 

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