This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
HSBC HOLDINGS PLC Notice of Redemption and Cancellation of Listing
Hamilton, Bermuda: 4th, May 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), HSBC Holdings plc (Ticker: HSBC.BH) gives notice of redemption and cancellation of listing. The full filing stated:
HSBC HOLDINGS PLC
NOTICE OF REDEMPTION AND CANCELLATION OF LISTING
To the holders of:
SGD1,000,000,000 4.70% Perpetual Subordinated Contingent Convertible Securities ISIN Code: XS1624509300 (the ‘Securities’)
Pursuant to Condition 6(c) of the terms and conditions of the Securities and paragraph 16 of the pricing supplement dated 6 June 2017 relating to the Securities (the ‘Pricing Supplement’), notice is hereby irrevocably given to the holders of the Securities (the ‘Securityholders’) that on the Resettable Security Interest Payment Date (as defined in the Pricing Supplement) falling on 8 June 2022 (the ‘Redemption Date’) HSBC Holdings plc will exercise its option to redeem all of the outstanding Securities at SGD250,000 per Calculation Amount (as defined in the Pricing Supplement), together with accrued but unpaid interest from (and including) the Resettable Security Interest Payment Date falling on 8 December 2021 to (but excluding) the Redemption Date.
Securityholders should look to the relevant clearing systems through which their Securities are held for repayment.
The listing of the Securities on the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and the admission of the Securities to trading on its Global Exchange Market will be cancelled on, or shortly after, 9 June 2022.
ends/more
Investor enquiries to:
Greg Case +44 (0) 20 7992 3825 investorrelations@hsbc.com
Media enquiries to:
Ankit Patel +44 (0) 20 7991 9813 ankit.patel@hsbc.com
Notes to editors:
1. HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The HSBC Group serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$3,022bn at 31 March 2022, HSBC is one of the world’s largest banking and financial services organisations.
2. The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Mark Tucker*, Noel Quinn, Geraldine Buckingham†, Rachel Duan†, Carolyn Julie Fairbairn†, James Anthony Forese†, Steven Guggenheimer† , José Antonio Meade Kuribreña†, Eileen K Murray†, David Nish†, Ewen Stevenson and Jackson Tai†.
* Non-executive Group Chairman
† Independent non-executive Director
# # #
For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or info@bsx.com . Information is also available at bsx.com and on Bloomberg at BSX.
Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.
The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.