25th May 2005 10:49
HSBC Holdings PLC25 May 2005 HSBC HOLDINGS PLC FIRST INTERIM DIVIDEND FOR 2005 SCRIP DIVIDEND ALTERNATIVE On 3 May 2005, the Directors of HSBC Holdings plc declared a first interimdividend for 2005 of US$0.14 per ordinary share payable on 6 July 2005 toshareholders on the Register on 20 May 2005. The dividend is payable in cash inUnited States dollars, sterling or Hong Kong dollars, or a combination of thesecurrencies, with a scrip dividend alternative. The "Market Value" for the issueof new shares under the scrip dividend alternative is: US$15.8448 for each new share The "Market Value" is the United States dollar equivalent of £8.656, 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 18 May 2005 (the day on which the shares were first quotedex-dividend). Dividends payable in cash in sterling or Hong Kong dollars on 6 July 2005 willbe converted from United States dollars at the forward exchange rates quoted byHSBC Bank plc in London at or about 11.00 am on 27 June 2005. 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 1 June 2005, and elections must be received by the Registrars by 22 June2005. N S Black Assistant Secretary HSBC Holdings plc 25 May 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HSBC Holdings