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HSBC Holdings PLC – Dividend Announcement
London, U.K. – 30 May, 2014 - HSBC Holdings plc (Ticker: HSBC.BH), has details of the First Interim Dividend for 2014 and Scrip Dividend Alternative. The announcement read:
“On 7 May, the Directors of HSBC Holdings plc declared a first interim dividend for 2014 of US$0.10 per ordinary share. The first interim dividend will be payable on 10 July to holders of record on 22 May on the Hong Kong Overseas Branch Register and 23 May 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$10.3980 for each new share
The ‘Market Value’ is the United States dollar equivalent of £6.1996 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 21 May.
Dividends payable in cash in sterling or Hong Kong dollars on 10 July 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 30 June. 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 5 June and elections must be received by the Registrar by 26 June.”
-ends-
For and on behalf of
HSBC Holdings plc
B J S Mathews
Group Company Secretary
Media enquiries to Heidi Ashley on +44 20 7992 2045.
Note to editors:
HSBC Holdings plc