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 August
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 31 July 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$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
1 August 2017 and ending no later than 31 December 2017 (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 28 April 2017 (the
'2017 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 1,986,691,641, being the number of Ordinary Shares able
to be repurchased under the 2017 Authority.
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:
The HSBC Group
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$2,492bn at 30 June 2017, 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:
01 August 2017
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