Summary by Moomoo AI
HSBC Holdings completed a series of share buybacks on August 7, 2024, and cancelled some of its shares on the same day. According to the regulations of the Hong Kong Stock Exchange, HSBC Holdings conducted share buybacks in the United Kingdom and Hong Kong, with a total number of repurchased shares reaching 3,067,198 shares, and a repurchase price per share between GBP 6.332 and GBP 6.46, with a total payment of GBP 19,642,059.41. In addition, in the repurchase activity conducted on the Hong Kong Stock Exchange, the total number of repurchased shares was 3,567,600 shares, with a repurchase price per share between HKD 62.4 and HKD 63.25, with a total payment of HKD 224,335,340. These repurchased shares are all planned to be cancelled. HSBC Holdings conducted this share buyback based on the repurchase authorization passed at the shareholder meeting on May 3, 2024, which allows the company to repurchase up to 1,905,105,226 shares. Since the special resolution was passed, HSBC Holdings has purchased 372,176,174 shares, accounting for 1.976571% of the issued shares at the time when the special resolution was passed.
