Scrip Dividend - Exchange Rate

RNS Number : 9455I

HSBC Holdings PLC

26 March 2018

 

26 March 2018                

HSBC HOLDINGS PLC

FOURTH INTERIM DIVIDEND FOR 2017

On 20 February 2018, the Directors of HSBC Holdings plc declared the fourth interim dividend for 2017 of US$0.21 per ordinary share. The dividend is payable on 6 April 2018 to holders of record on 23 February 2018 on the Principal Register in the United Kingdom or the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies, and with a scrip dividend alternative.

Dividends payable in cash in Hong Kong dollars or sterling were converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 26 March 2018 (US$1=HK$7.844103 and £1=US$1.422573). Accordingly, the cash dividend payable on 6 April 2018 will be:

US$0.21 per share;

approximately HK$1.647262 per share; or

approximately £0.147620 per share.

For holders of American Depositary Shares ('ADSs'), each of which represents five ordinary shares, the cash dividend payable will be US$1.05 per ADS. It will be paid on 6 April 2018. The dividend for participants in the dividend reinvestment plan, operated by the Bank of New York Mellon, will be invested in additional ADSs.

For and on behalf of

HSBC Holdings plc

Ben J S Mathews

Group Company Secretary

 

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