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HSBC Holdings PLC - First Interim Dividend For 2004 Scrip Dividend Alternative
shareholders on the Register on 21 May 2004. 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$14.2930 for each new share
The "Market Value" is the United States dollar equivalent of £7.926, 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 2004 (the day on which the shares were first quoted ex-dividend).
Dividends payable in cash in sterling or Hong Kong dollars on 7 July 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 28 June 2004. These 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 2 June 2004, and elections must be received by the Registrars by 23 June 2004.
R G Barber
Group Company Secretary
HSBC Holdings plc
26 May 2004
This information is provided by RNS
The company news service from the London Stock Exchange