Company Announcements

Overseas Regulatory Announcement- Grant of Options

Source: RNS
RNS Number : 0721A
HSBC Holdings PLC
25 September 2020
 

The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 25 September 2020 pursuant to rule 17.06A 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 2020

 (Hong Kong Stock Code: 5)

 

HSBC HOLDINGS PLC

GRANT OF SHARE OPTIONS

 

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

 

On 24 September 2020, HSBC Holdings plc (the "Company") granted share options ("Options") to employees to subscribe for a total of 111,469,393 ordinary shares of US$0.50 each of the Company under the HSBC Holdings Savings-Related Share Option Plan. The following are the details of the grant:

 

Exercise Price at which the Options were granted

Option Period

Number of shares under Option

GBP 2.6270

3 years

69,704,328

5 years

41,765,065

Total number of Options granted

111,469,393

Closing price of the ordinary shares, on the London Stock Exchange and on the date of grant

GBP 2.8670

Validity period of the Options

3 years, exercisable from 1 November 2023 to 30 April 2024

5 years, exercisable from 1 November 2025 to 30 April 2026

 

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:
Mark Tucker*,
Noel Quinn, Laura Cha, Henri de Castries, James Anthony Forese, Steven Guggenheimer, Irene Lee, José Antonio Meade Kuribreña, Heidi Miller, Eileen K Murray, David Nish, Ewen Stevenson, Jackson Tai and Pauline van der Meer Mohr.

 

*   Non-executive Group Chairman

   Independent non-executive Director

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