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HSBC Holdings PLC Third Interim Dividend For 2003
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$15.0552 for each new share
The "Market Value" is the United States dollar equivalent of £8.16, 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 17 March 2004 (the day on which the shares were first quoted ex-dividend).
Dividends payable in cash in sterling or Hong Kong dollars on 5 May 2004 will be converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 26 April 2004. 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 mailed to shareholders on or about 30 March 2004, and elections must be received by the Registrars by 22 April 2004.