HSBC Holdings PLC Overseas Reg Announcement

TIDMHSBA

RNS Number : 4151Z

HSBC Holdings PLC

11 January 2024

The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 11 January 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.

11 January 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 10 January 2024, HSBC Holdings plc (the "Company") granted conditional awards ("Awards") to employees to subscribe for a total of 523,984.52267 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                     10 January 2024 
                                ----------------------------------------------- 
  Category of grantee            Employees 
                                ----------------------------------------------- 
  Number of shares under          257,294.62816 LSE listed shares 
   Awards                          266,689.89451 HKSE listed shares 
                                ----------------------------------------------- 
  Closing market price of         GBP 6.3070 
   the ordinary shares on          HK$ 62.900 
   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 and 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 1,069,779,243 
                                -----------------------------------------------

For and on behalf of

HSBC Holdings plc

Aileen Taylor

Group Company Secretary and Chief Governance Officer

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

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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