HSBC Holdings PLC Overseas Regulatory Announcement - Grant of Awards (2332K)
August 23 2023 - 6:30AM
UK Regulatory
TIDMHSBA
RNS Number : 2332K
HSBC Holdings PLC
23 August 2023
The following is the text of an announcement released to the
Stock Exchange of Hong Kong Limited on 23 August 2023 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.
23 August 2023
(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 11 January 2023, 14 March 2023, 13 April 2023 and 11 July
2023, HSBC Holdings plc (the "Company") granted conditional awards
("Awards") to employees to subscribe for a total of 1,638,448
ordinary shares of US$0.50 each of the Company under the HSBC
International Employee Share Purchase Plan (the "Plan").
The following are the details of the grants:
Grant date 11 January 2023
-----------------------------------------------
Category of grantee Employees
-----------------------------------------------
Number of shares under 288,546 LSE listed shares
Awards 301,397 HKSE listed shares
-----------------------------------------------
Closing market price of GBP 5.696
the ordinary shares on HK$ 53.65
the London Stock Exchange
and the Hong Kong Stock
Exchange on the date of
grant
-----------------------------------------------
Purchase price of Awards GBP 0
granted
-----------------------------------------------
Vesting period of the 2 years 9 months
Awards
-----------------------------------------------
Performance Targets and Grants of Awards under the Plan do not have
Clawback performance conditions or clawback provisions
due to the all-employee nature of the Plan
-----------------------------------------------
Arrangements for the Company None
or a subsidiary to provide
financial assistance to
the grantees
-----------------------------------------------
Number of shares available The Plan is subject to a limit on the number
for future grant under of Shares committed to be issued under all
the plan mandate 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 1,038,765,968.
-----------------------------------------------
Grant date 14 March 2023
-----------------------------------------------
Category of grantee Employees
-----------------------------------------------
Number of shares under 42 LSE listed shares
Awards
-----------------------------------------------
Closing market price of GBP 5.77
the ordinary shares on
the London Stock Exchange
and the Hong Kong Stock
Exchange on the date of
grant
-----------------------------------------------
Purchase price of Awards GBP 0
granted
-----------------------------------------------
Vesting period of the 2 years 7 months
Awards
-----------------------------------------------
Performance Targets and Grants of Awards under the Plan do not have
Clawback performance conditions or clawback provisions
due to the all-employee nature of the Plan
-----------------------------------------------
Arrangements for the Company None
or a subsidiary to provide
financial assistance to
the grantees
-----------------------------------------------
Number of shares available The Plan is subject to a limit on the number
for future grant under of Shares committed to be issued under all
the plan mandate 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 1,004,579,418.
-----------------------------------------------
Grant date 13 April 2023
-----------------------------------------------
Category of grantee Employees
-----------------------------------------------
Number of shares under 277,730 LSE listed shares
Awards 284,890 HKSE listed shares
-----------------------------------------------
Closing market price of GBP 5.673
the ordinary shares on HK$ 55.25
the London Stock Exchange
and the Hong Kong Stock
Exchange on the date of
grant
-----------------------------------------------
Purchase price of Awards GBP 0
granted
-----------------------------------------------
Vesting period of the 2 years 6 months
Awards
-----------------------------------------------
Performance Targets and Grants of Awards under the Plan do not have
Clawback performance conditions or clawback provisions
due to the all-employee nature of the Plan
-----------------------------------------------
Arrangements for the Company None
or a subsidiary to provide
financial assistance to
the grantees
-----------------------------------------------
Number of shares available The Plan is subject to a limit on the number
for future grant under of Shares committed to be issued under all
the plan mandate 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 1,030,741,033.
-----------------------------------------------
Grant date 11 July 2023
------------------------------------------------
Category of grantee Employees
------------------------------------------------
Number of shares under 237,748 LSE listed shares
Awards 248,095 HKSE listed shares
------------------------------------------------
Closing market price of GBP 6.009
the ordinary shares on HK$ 60.75
the London Stock Exchange
and the Hong Kong Stock
Exchange on the date of
grant
------------------------------------------------
Purchase price of Awards GBP 0
granted
------------------------------------------------
Vesting period of the 2 years 3 months
Awards
------------------------------------------------
Performance Targets and Grants of Awards under the Plan do not have
Clawback performance conditions or clawback provisions
due to the all-employee nature of the Plan
------------------------------------------------
Arrangements for the Company None
or a subsidiary to provide
financial assistance to
the grantees
------------------------------------------------
Number of shares available The Plan is subject to a limit on the number
for future grant under of Shares committed to be issued under all
the plan mandate 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 1,016,655,682.
------------------------------------------------
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
The Board of Directors of HSBC Holdings plc as at the date of
this announcement comprises: Mark Tucker*, Noel Quinn, Geraldine
Buckingham , Rachel Duan , Georges Elhedery, Carolyn Julie
Fairbairn , James Anthony Forese , Steven Guggenheimer , José
Antonio Meade Kuribreña , Kalpana Morparia , Eileen K Murray and
David Nish .
* 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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END
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