Blueprint
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 February
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 21 February
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$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 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 22 February 2017 and ending no later than
30 June 2017 (subject to regulatory and shareholder approvals
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 Credit Suisse 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 22 April 2016 (the '
2016 Authority'), Chapter 12
of the Financial Conduct Authority's Listing Rules and Article 5(1)
of 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.
Any
purchases effected following expiry of the 2016 Authority at the
forthcoming annual general meeting on 28 April 2017 will be
conditional on a similar authority being granted at that
meeting.
The
maximum number of Ordinary Shares that may be repurchased under the
Buy-back is 1,645,523,979, being the balance of Ordinary Shares
able to be repurchased under the 2016 Authority following the
repurchase of 325,273,407 Ordinary Shares pursuant to the buy-back
which commenced on 4 August 2016 and completed on 19 December
2016.
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Investor enquiries to:
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Richard
O'Connor
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+44 (0)
20 7991 6590
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investorrelations@hsbc.com
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Media enquiries to:
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Morgan
Bone
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+44 (0)
20 7991 1898
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morgan.bone@hsbc.com
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Heidi
Ashley
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+44 (0)
20 7992 2045
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heidi.ashley@hsbc.com
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Note to editors:
HSBC Holdings plc
HSBC
Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide from
around 4,000 offices in 70 countries and territories in Europe,
Asia, North and Latin America, and the Middle East and North
Africa. With assets of US$2,375bn at 31 December 2016, 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:
Ben J S Mathews
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Title:
Group Company Secretary
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Date:
22 February 2017
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