HSBC Holdings PLC Response to voting results at 2023 AGM (3377S)
November 03 2023 - 5:30AM
UK Regulatory
TIDMHSBA
RNS Number : 3377S
HSBC Holdings PLC
03 November 2023
HSBC HOLDINGS PLC
3 November 2023
Response to voting results at 2023 Annual General Meeting
In accordance with Provision 4 of the UK Corporate Governance
Code, we are providing an update on our statement of 5 May 2023
regarding the results of the poll vote at the 2023 Annual General
Meeting ("AGM") on resolutions 2, 3(l), 6, 7, 14 and 15 which
received votes of between 20.04% - 23.30% against the Board's
recommendations.
In our statement of 5 May 2023, it was noted that our largest
shareholder, Ping An, voted against the Board's recommendations on
the above resolutions and a number of others. Ping An's votes
accounted for approximately 18-19% of all votes cast at the AGM
based on a turnout of around 50%.
The Board was pleased that a large majority of shareholders
voting at the AGM supported HSBC's strategy and since the AGM there
have been no concerns expressed by shareholders regarding the above
resolutions. We continue to have constructive dialogue and provide
corporate access to all our institutional shareholders, including
Ping An and respect and listen to their views.
As at the time of this announcement, the following are Directors
of the Company: Mark Tucker(*) , Noel Quinn, Geraldine Buckingham ,
Rachel Duan , Georges Elhedery, Carolyn Julie Fairbairn , James
Anthony Forese , Ann Godbehere , Steven Guggenheimer , José Antonio
Meade Kuribreña , Kalpana Morparia , Eileen K Murray , Brendan
Nelson , David Nish and Swee Lian Teo .
* Non-executive Group Chairman
Independent non-executive Director
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
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END
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