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Savings Related Option Grant

26th Apr 2010 12:30

RNS Number : 7782K
HSBC Holdings PLC
26 April 2010
 



The following is the text of an announcement released to The Stock Exchange of Hong Kong Limited on 26 April 2010 pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited:

 

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HSBC HOLDINGS PLC

GRANT OF SHARE OPTIONS

 

This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

 

On 21 April 2010 HSBC Holdings plc granted share options ("Options") to employees to subscribe for a total of 22,017,216 ordinary shares of US$0.50 each of the Company under the savings-related share option plans adopted on 27 May 2005. The following are the details of the grant:

 

Price at which the Options granted

Option Period

Number of shares under Option

GBP5.4573

1 year

4,855,376

3 years

6,042,388

5 years

2,871,133

EUR6.0657

1 year

216,485

3 years

249,136

5 years

90,182

HKD62.9770

1 year

3,017,668

3 years

1,573,724

5 years

565,737

USD8.1232

1 year

350,623

3 years

1,236,768

5 years

313,833

USD8.6309

1 year

634,163

Total number of options granted

1 year

9,074,315

3 years

9,102,016

5 years

3,840,885

22,017,216

Closing price of the ordinary shares on the date of grant

₤6.82

 

Validity period of the Options

1 year, exercisable from 1 August 2011 to 31 Oct 2011

3 years, exercisable from 1 August 2013 to 31 Jan 2014

5 years, exercisable from 1 August 2015 to 31 Jan 2016

 

By Order of the Board

R G Barber

Group Company Secretary

26 April 2010

 

The Board of Directors of HSBC Holdings plc as at the date of this announcement are: S K Green, M F Geoghegan, S A Catz†, V H C Cheng, M K T Cheung†, J D Coombe†, J L Durán†, R A Fairhead†, D J Flint,

A A Flockhart, W K L Fung*, S T Gulliver, J W J Hughes-Hallett†, W S H Laidlaw†, J R Lomax†, Sir Mark Moody-Stuart†, G Morgan†, N R N Murthy†, S M Robertson†, J L Thornton† and Sir Brian Williamson†.

 

* Non-executive Director

† Independent non-executive Director

 

Hong Kong Stock Code: 5

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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