23rd May 2007 13:00
HSBC Holdings PLC23 May 2007 HSBC HOLDINGS PLC FIRST INTERIM DIVIDEND FOR 2007 SCRIP DIVIDEND ALTERNATIVE On 30 April 2007, the Directors of HSBC Holdings plc declared a first interimdividend for 2007 of US$0.17 per ordinary share payable on 5 July 2007 toshareholders on the Register on 18 May 2007. The dividend is payable in cash inUnited States dollars, sterling or Hong Kong dollars, or a combination of thesecurrencies and (subject to shareholders at the Annual General Meeting to be heldon 25 May 2007 authorising the Board to continue the scrip dividend scheme) witha scrip dividend alternative. The 'Market Value' for the issue of new sharesunder the scrip dividend alternative is: US$18.4375 for each new share The 'Market Value' is the United States dollar equivalent of £9.352 being theaverage of the middle market quotations for the ordinary shares on the LondonStock Exchange as derived from the Daily Official List for the five businessdays beginning on 16 May 2007 (the day on which the shares were first quotedex-dividend). Dividends payable in cash in sterling or Hong Kong dollars on 5 July 2007 willbe converted from United States dollars at the forward exchange rates quoted byHSBC Bank plc in London at or about 11.00 am on 25 June 2007. These exchangerates will be announced to the London, Hong Kong, New York, Paris and Bermudastock exchanges. Particulars of the dividend arrangements will be mailed to shareholders on orabout 30 May 2007, and elections must be received by the Registrars by 20 June2007. R G BarberGroup Company SecretaryHSBC Holdings plc Note to editors: HSBC Holdings plcHSBC Holdings plc serves over 125 million customers worldwide through around10,000 offices in 82 countries and territories in Europe, the Asia-Pacificregion, the Americas, the Middle East and Africa. With assets of some US$1,861billion at 31 December 2006, HSBC is one of the world's largest banking andfinancial services organisations. HSBC is marketed worldwide as 'the world'slocal bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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