HSBC Holdings PLC 1st interim dividend 2016-scrip alternative (3974Z)
May 26 2016 - 5:00AM
UK Regulatory
TIDMHSBA
RNS Number : 3974Z
HSBC Holdings PLC
26 May 2016
26 May 2016
HSBC HOLDINGS PLC
FIRST INTERIM DIVIDEND FOR 2016
SCRIP DIVIDEND ALTERNATIVE
On 3 May 2016, the Directors of HSBC Holdings plc declared a
first interim dividend for 2016 of US$0.10 per ordinary share. The
first interim dividend will be payable on 6 July 2016 to holders of
record on 20 May 2016 on the Principal Register in the United
Kingdom, the Hong Kong Overseas Branch Register or the Bermuda
Overseas Branch Register. The dividend is payable in cash in United
States dollars, sterling or Hong Kong dollars, or a combination of
these currencies, with a scrip dividend alternative.
The 'Market Value' for the issue of new shares under the scrip
dividend alternative is:
US$6.3288 for each new share
The 'Market Value' is the United States dollar equivalent of
GBP4.3274 being the average of the middle market quotations for the
ordinary shares on the London Stock Exchange as derived from the
Daily Official List for the five business days beginning on 19 May
2016.
Dividends payable in cash in sterling or Hong Kong dollars on 6
July 2016 will be converted from United States dollars at the
forward exchange rates quoted by HSBC Bank plc in London at or
about 11.00am on 27 June 2016. These exchange rates will be
announced to the London, Hong Kong, New York, Paris and Bermuda
stock exchanges.
Particulars of the dividend arrangements will be sent to
shareholders on or about 3 June 2016 and elections must be received
by the Registrar by 23 June 2016.
For and on behalf of
HSBC Holdings plc
Ben J S Mathews
Group Company Secretary
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 6,000 offices in 71 countries and territories in Europe,
Asia, North and Latin America, and the Middle East and North
Africa. With assets of US$2,596bn at 31 March 2016, HSBC is one of
the world's largest banking and financial services
organisations.
ends/all
This information is provided by RNS
The company news service from the London Stock Exchange
END
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