23rd Dec 2005 12:34
HSBC Bank plc23 December 2005 HSBC BANK (UK) PENSION SCHEME HSBC Holdings plc on 22 December 2005 has subscribed for an additional £700million of ordinary share capital in HSBC Bank plc in support of the injectionby HSBC Bank plc on the same day of £1 billion into its defined benefit pensionscheme, the HSBC Bank (UK) Pension Scheme, which closed to new members in July1996. HSBC is committed to ensuring that its pension schemes are properly supportedand has taken this action to demonstrate that commitment. Note to editors: HSBC Holdings plcHSBC Holdings plc is headquartered in the UK. The HSBC Group serves over 110million customers worldwide from more than 9,700 offices in 77 countries andterritories in Europe, the Asia-Pacific region, the Americas, the Middle Eastand Africa. With assets of US$1,467 billion at 30 June 2005, HSBC is one of theworld's largest banking and financial services organisations. HSBC is marketedworldwide as 'the world's local bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HSBC Holdings