Last checked at 24 Sep 2018 09:50
The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 24 September 2018 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.
24 September 2018
(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 21 September 2018, HSBC Holdings plc (the "Company") granted share options ("Options") to employees to subscribe for a total of 20,501,336 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 granted | Option Period | Number of shares under Option |
GBP 5.4490 | 3 years | 17,064,307 |
5 years | 3,437,029 | |
Total number of options granted | 20,501,336 | |
Closing price of the ordinary shares on the date of grant | GBP 6.8040 | |
Validity period of the Options | 3 years, exercisable from 1 November 2021 to 30 April 2022 | |
5 years, exercisable from 1 November 2023 to 30 April 2024 | ||
Included in the above are options granted to a director of the Company as follows:
Name | Position | No. of Options | Price | Option Period |
John Flint | Group Chief Executive | 5,505 | GBP 5.4490 | 5 years |
For and on behalf of
HSBC Holdings plc
Ben J S Mathews
Group Company Secretary
The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises:Mark Tucker*, John Flint, Kathleen Casey†, Laura Cha†, Henri de Castries†, Lord Evans of Weardale†, Irene Lee†, Iain Mackay, Heidi Miller†, Marc Moses, David Nish†, Jonathan Symonds†, Jackson Tai† and Pauline van der Meer Mohr†.
* Non-executive Group Chairman
† Independent non-executive Director