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HSBC Declares Second Interim Dividend For 2010
Hamilton, Bermuda – 25 August, 2010 - HSBC Holdings Limited (the “Company”; Ticker: HSBC.BH) has informed the Bermuda Stock Exchange (BSX) that on 2 August 2010, the Directors of HSBC Holdings plc declared a second interim dividend for 2010 of US$0.08 per ordinary share payable on 6 October 2010 to holders of record on 19 August 2010 on the Hong Kong Overseas Branch Register and 20 August 2010 on the Principal Register in the United Kingdom 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$9.8237 for each new share
The "Market Value" is the United States dollar equivalent of £6.3832 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 18 August 2010.
Dividends payable in cash in sterling or Hong Kong dollars on 6 October 2010 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 27 September 2010. 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 1 September 2010, and elections must be received by the Registrars by 22 September 2010.
Media enquiries to Brendan McNamara on +44 (0) 20 7991 0655 or at brendan.mcnamara@hsbc.com