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LONDON - HSBC Holdings plc (NYSE:HSBC) (LSE:HSBA) announced Thursday it will commence a $3 billion share buyback program starting August 1, 2025, as part of efforts to reduce its outstanding ordinary shares.
The banking giant has entered into non-discretionary buyback agreements with Merrill Lynch International, which will make independent trading decisions regarding the purchases. The program is scheduled to run through October 24, 2025, subject to regulatory approval.
Purchases will be executed on multiple exchanges including the London Stock Exchange (LON:LSEG), Aquis Exchange, Cboe Europe Limited, Turquoise, and The Stock Exchange of Hong Kong Limited.
All shares repurchased under the program will be cancelled, according to the company’s statement. The maximum number of ordinary shares that may be repurchased is approximately 1.53 billion, representing the remaining capacity under the shareholder authorization granted at HSBC’s annual general meeting on May 2, 2025.
The buyback will be conducted in accordance with relevant regulations including the UK Financial Conduct Authority’s Listing Rules, Market Abuse Regulation provisions, Hong Kong Listing Rules, and applicable US federal securities laws.
HSBC, headquartered in London, serves customers from offices in 57 countries and territories. The bank reported assets of $3.21 trillion as of June 30, 2025.
This announcement follows the company’s initial disclosure of buyback plans on July 30, 2025, according to the press release statement.
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