FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of August
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes
No X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
).
HSBC HOLDINGS PLC SHARE BUY-BACK
HSBC Holdings plc ('HSBC') announces that, as outlined in its announcement
on 5 August 2019, 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$1,000,000,000 (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 Morgan Stanley & Co. International plc
('Morgan
Stanley') to enable the
purchase of Ordinary Shares by Morgan Stanley acting as principal,
during the period running from 6 August 2019 and
ending no later than 18 October 2019 (subject to regulatory
approval remaining in place), for an aggregate purchase price of no
greater than US$1,000,000,000 and the simultaneous on-sale of such
Ordinary Shares by Morgan Stanley to
HSBC.
Any purchases of Ordinary Shares will be carried out on the London
Stock Exchange in accordance with certain pre-set parameters and in
accordance with (and subject to limits prescribed by) HSBC's
general authority to repurchase Ordinary Shares granted by its
shareholders at the annual general meeting on 12 April 2019
(the '2019
Authority'), Chapter 12 of the
Financial Conduct Authority's Listing Rules, Article 5(1) of the
Market Abuse Regulation (EU) No 596/2014, the Commission Delegated
Regulation (EU) No 2016/1052, the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited, the Hong
Kong Codes on Takeovers and Mergers and Share Buy-Backs and
applicable US federal securities laws. Ordinary Shares purchased
under the Buy-back will be cancelled.
The maximum number of Ordinary Shares that may be repurchased under
the Buy-back is 2,003,673,053, being the number of Ordinary Shares
able to be repurchased under the 2019 Authority.
Investor enquiries to:
Media enquiries to:
Note to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The HSBC Group serves customers worldwide
across 65 countries and territories in Europe, Asia, North America,
Latin America, and Middle East and North Africa. With assets of
US$2,751bn at 30 June 2019, HSBC is one of the world's largest
banking and financial services organisations.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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HSBC
Holdings plc
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By:
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Name:
Richard Gray
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Title:
Group Company Secretary
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Date:
06 August
2019
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