Business
Capital Reduction- increase Distributable Reserves
Capital Reduction- increase Distributable Reserves.
About this update from Hsbc Holdings Plc
[{"type":"text","content":"\n\n \n24 June 2025\nHSBC HOLDINGS PLC\nCAPITAL REDUCTION TO INCREASE DISTRIBUTABLE RESERVES\nHSBC Holdings plc (the \"Company\") is pleased to confirm that, following approval of shareholders at the Company's Annual General Meeting held on 2 May 2025 (\"AGM\"), on 24 June 2025, the High Court of England and Wales (the \"Court\") confirmed the cancellation of US$14,809,888,249 standing to the credit of the Company's share premium account and US$1,755,360,094 standing to the credit of the Company's capital redemption reserve (the \"Capital Reduction\").\nThe Court order confirming the Capital Reduction and a statement of capital approved by the Court in connection with the same have been sent to the Registrar of Companies. The Capital Reduction will become effective upon registration of these documents by the Registrar of Companies.\nAs set out in the Company's Notice of AGM published on 21 March 2025, the effect of the Capital Reduction will be to increase distributable reserves and give the Company further flexibility to deliver shareholder returns over the coming years in the form of dividends and/or share buy-backs.\nInvestor enquiries to: Neil Sankoff +44 (0) 20 7991 5072 [email protected]\nMedia enquiries to: Gillian James +44 (0) 20 7992 0516 [email protected]\nNote to editors:\nHSBC Holdings plc\nHSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations.\nend...