BuybackAug 5, 2026, 06:31 AM
HSBC Announces $1 Billion Share Buy-back Program
AI Summary
HSBC Holdings plc announced a share buy-back program for its ordinary shares, totaling up to $1,000,000,000. The program aims to reduce the company's outstanding shares and will be executed through non-discretionary agreements with BNP Paribas Financial Markets SNC. The buy-back is scheduled to run from August 6, 2026, until October 23, 2026, with repurchased shares to be cancelled.
Key Highlights
- HSBC announced a share buy-back program for up to $1,000,000,000.
- The purpose of the Buy-back is to reduce HSBC's outstanding Ordinary Shares.
- HSBC entered into non-discretionary buy-back agreements with BNP Paribas Financial Markets SNC.
- The buy-back period runs from August 6, 2026, to no later than October 23, 2026.
- Purchases will occur on the London Stock Exchange, Aquis Exchange, Cboe Europe, Turquoise, and Hong Kong Stock Exchange.
- Ordinary Shares repurchased under the Buy-back will be cancelled.
- The maximum number of Ordinary Shares that may be repurchased is 1,718,354,635.
Price Impact
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