sea-170801-hsbc-share-buyback-commencement.pdf

sea-170801-hsbc-share-buyback-commencement.pdf - 1 August...

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 Registered Office and Group Head Office: 8 Canada Square, London E14 5HQ, United Kingdom Web: Incorporated in England with limited liability. Registered number 617987 1 August 2017 HSBC HOLDINGS PLC SHARE BUY-BACK HSBC Holdings plc (‘ HSBC ) announces that, as outlined in its announcement on 31 July 2017, it will commence a share buy- back of HSBC’s ordinary shares of US$0.50 each ( Ordinary Shares ) for up to a maximum consideration of US$2,000,000,000 (the “Buy - back”). The purpose of the Buy -back is to reduce HSBC’s outstanding Ordinary Shares. HSBC has entered into an irrevocable, non-discretionary agreement (the Agreement ) with Credit Suisse Securities (Europe) Limited ( Credit Suisse ) to enable the purchase of Ordinary Shares by Credit Suisse, acting as principal, during the period running from 1 August 2017 and ending no later than 31 December 2017 (subject to regulatory approval remaining in place), for an aggregate purchase price of no greater
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