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 May
2018
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 4 May 2018, 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 9 May 2018 and ending no later than 31
October 2018 (subject to regulatory approval remaining in place),
for an aggregate purchase price of no greater than US$2,000,000,000
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 20 April 2018 (the
"2018 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.
The
maximum number of Ordinary Shares that may be repurchased under the
Buy-back is 1,999,610,418, being the number of Ordinary Shares able
to be repurchased under the 2018 Authority.
Investor enquiries to:
Richard
O'Connor
+44 (0) 20 7991
6590 investorrelations@hsbc.com
Media enquiries to:
Heidi
Ashley
+44 (0) 20 7992
2045
heidi.ashley@hsbc.com
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 3,900 offices in 67 countries and territories in Europe,
Asia, North and Latin America, and the Middle East and North
Africa. With assets of US$2,652bn at 31 March 2018, 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:
09 May 2018
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