HSBC Holdings PLC Overseas Regulatory Announcement -Grant of Options (2724N)

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RNS Number : 2724N

HSBC Holdings PLC

23 September 2019

The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 23 September 2019 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.

23 September 2019

(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 20 September 2019, HSBC Holdings plc (the "Company") granted share options ("Options") to employees to subscribe for a total of 32,129,659 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:

 
 Price at which the Options    Option Period      Number of shares under 
  granted                                          Option 
 GBP 4.6920                    3 years            25,450,242 
  5 years                                         6,679,417 
 ----------------------------------------------  -------------------------- 
 Total number of options       32,129,659 
  granted 
                              --------------------------------------------- 
 Closing price of the          GBP 6.1560 
  ordinary shares on the 
  date of grant 
                              --------------------------------------------- 
 Validity period of the        3 years, exercisable from 1 November 2022 
  Options                       to 30 April 2023 
  5 years, exercisable from 1 November 2024 
   to 30 April 2025 
 -------------------------------------------------------------------------- 
 

There were no options granted to any director of the Company.

For and on behalf of

HSBC Holdings plc

Richard Gray

Group Company Secretary

The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises:

Mark Tucker*, Noel Quinn, Kathleen Casey , Laura Cha , Henri de Castries , Irene Lee , José Meade , Heidi Miller , Marc Moses, David Nish , Ewen Stevenson, Jonathan Symonds , Jackson Tai and Pauline van der Meer Mohr .

   *   Non-executive Group Chairman 

Independent non-executive Director

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September 23, 2019 05:17 ET (09:17 GMT)