The following is the text of an
announcement released to the Stock Exchange of Hong Kong Limited on
25 September 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.
25 September 2024
(Hong Kong Stock Code:
5)
HSBC HOLDINGS PLC
GRANT OF SHARE OPTIONS
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 24 September 2024, HSBC Holdings plc (the
"Company") granted share
options ("Options") to
employees to subscribe for a total of 11,845,471 ordinary shares of
US$0.50 each of the Company ("Shares") under the HSBC Holdings
Savings-Related Share Option Plan (UK) (the "Plan"). The following are the details
of the grant:
Exercise Price at which the Options were granted
|
Option Period
|
Number of shares under Options
|
GBP 5.303
|
3 years
|
9,846,524
|
5 years
|
1,998,947
|
Total number of Options granted
|
11,845,471
|
Closing market price of the
ordinary shares on the London Stock
Exchange on the date of grant
|
GBP 6.722
|
Vesting period of the Options
|
3 years, exercisable from 1 November
2027 to 28 April 2028
|
5 years, exercisable from 1 November
2029 to 30 April 2030
|
Exercise period of the Options
|
No later than six months from the vesting date of the
Options
|
Performance Targets and Clawback
|
Grants of Options under the Plan do not include
performance conditions or clawback provisions due to the
requirements of the UK tax legislation relevant to the Plan
|
Arrangements for the Company or a subsidiary to
provide financial assistance to the grantees
|
None
|
Number of shares available for future grant under the
plan mandate
|
The Plan is subject to three limits on the
number of Shares committed to be issued under Options:
1. 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 Options 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 954,583,778.
2. 2,036,512,211 (being 10% of the Shares
in issue (excluding treasury shares) on the date of shareholder
approval of the numerical limit under the Plan) Shares issued under
the Plan as well Options currently outstanding that were granted
after last shareholder approval. The number of Shares available to
issue under this limit is 1,948,958,840.
3. 4,675,000,000 Shares may be allocated
for subscription under the Plan and put under option (including all
outstanding Options). The number of Shares available to use under
this limit is 4,102,263,390.
|
There were no Options granted to any director of the
Company.
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:
Sir Mark Edward Tucker*, Georges
Bahjat Elhedery, Geraldine Joyce Buckingham†, Rachel
Duan†, Dame Carolyn Julie Fairbairn†, James
Anthony Forese†, Ann Frances Godbehere†,
Steven Craig Guggenheimer†, Dr José Antonio Meade
Kuribreña†, Kalpana Jaisingh Morparia†,
Eileen K Murray†, Brendan Robert Nelson† 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