[6-K] HSBC Holdings PLC Current Report (Foreign Issuer)

Rhea-AI Filing Summary

HSBC Holdings plc disclosed the daily progress of its US$2bn buy-back programme launched 6 May 2025. On 24 Jul 2025 the bank repurchased 5.1 m ordinary shares (par US$0.50) split between UK venues (3.2 m) and the Hong Kong Stock Exchange (1.9 m).

• UK venues: VWAP £9.6260; high £9.6800; low £9.5690.
• Hong Kong: VWAP HK$101.4618; high HK$102.10; low HK$100.40.

Since the programme’s start, HSBC has acquired 252,370,670 shares for c.US$2.99 bn. Cancellation of the newest UK-traded shares will reduce the issued share capital to 17,420,739,067 shares with full voting rights; none are held in treasury. Cancellation of Hong Kong-traded shares will follow, after which a further voting-rights update will be released.

The filing is routine but underlines continued capital return and incremental EPS support through share count reduction.

Positive

• US$2.99 bn of shares repurchased since May 2025, signalling ongoing capital return.
• Issued share capital falls to 17.42 bn shares, providing incremental EPS uplift.
• No shares are held in treasury, simplifying share-count transparency.

Negative

• None.

Insights

Equity Strategist

TL;DR: Routine buy-back update; mildly supportive for EPS and sentiment, but not market-moving.

HSBC reports another 5.1 m shares repurchased, lifting cumulative 2025 buy-backs to 252 m shares (≈1.4 % of shares outstanding) for US$3 bn. Prices paid are close to prevailing market levels, suggesting execution discipline. The immediate reduction in share count (17.42 bn) provides modest EPS accretion, and cancelling UK-venue shares removes dilution risk. However, the scale remains small relative to the group’s market cap and capital ratios, so the disclosure is operational rather than strategic. Impact on valuation is therefore limited.

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of

the Securities Exchange Act of 1934

For the month of July

HSBC Holdings plc

42nd Floor, 8 Canada Square, London E14 5HQ, England

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).

Form 20-F X Form 40-F  

HSBC HOLDINGS PLC

24 July 2025

Transaction in own shares

HSBC Holdings plc ("HSBC" or the "Company") announces that it has purchased for cancellation the following number of its ordinary shares of US$0.50 from Morgan Stanley & Co. International plc ("Morgan Stanley") as part of its buy-back announced on 6 May 2025.

UK Venues

Date of purchase:	24 July 2025
Number of ordinary shares of US$0.50 each purchased:	3,200,000
Highest price paid per share:	£9.6800
Lowest price paid per share:	£9.5690
Volume weighted average price paid per share:	£9.6260

All repurchases on the London Stock Exchange, Aquis Exchange, Cboe Europe Limited (through the BXE and CXE order books) and/or Turquoise ("UK Venues") are implemented as "on Exchange" transactions (as such term is defined in the rules of the London Stock Exchange) and as "market purchases" for the purposes of the Companies Act 2006.

Hong Kong Stock Exchange

Date of purchase:	24 July 2025
Number of ordinary shares of US$0.50 each purchased:	1,900,000
Highest price paid per share:	HK$102.1000
Lowest price paid per share:	HK$100.4000
Volume weighted average price paid per share:	HK$101.4618

All repurchases on The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange") are "off market" for the purposes of the Companies Act 2006 but are transactions which occur "on Exchange" for the purposes of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and which constitute an "on-market share buy-back" for the purposes of the Codes on Takeovers and Mergers and Share Buy-backs.

Since the commencement of the buy-back announced on 6 May 2025, the Company has repurchased 252,370,670 ordinary shares for a total consideration of approximately US$2,991.3m.

Following the cancellation of the shares repurchased on the UK Venues, the Company's issued ordinary share capital will consist of 17,420,739,067 ordinary shares with voting rights. There are no ordinary shares held in treasury. Cancellation of the shares repurchased on the Hong Kong Stock Exchange takes longer than those repurchased on the UK Venues and a further announcement of total voting rights will be made once those shares have been cancelled.

The above figure of 17,420,739,067 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended), a full breakdown of the individual trades made by Morgan Stanley on behalf of the Company is available via the link below.

http://www.rns-pdf.londonstockexchange.com/rns/4983S_1-2025-7-24.pdf

This announcement will also be available on HSBC's website at www.hsbc.com/sea

Enquiries to:

Lee Davis

Corporate Governance & Secretariat

shareholderquestions@hsbc.com

+44 (0)20 7991 8888

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HSBC Holdings plc

By:

Name: Aileen Taylor

Title: Group Company Secretary and Chief Governance Officer

Date: 24 July 2025

FAQ

How many HSBC (HSBC) shares were bought back on 24 July 2025?

A total of 5.1 million ordinary shares were repurchased (3.2 m UK, 1.9 m Hong Kong).

What prices did HSBC pay for its UK buy-back on 24 July 2025?

The bank paid a high of £9.6800, a low of £9.5690 and a VWAP of £9.6260.

How much has HSBC spent on buy-backs since 6 May 2025?

HSBC has spent approximately US$2.99 billion repurchasing 252.37 million shares.

What is HSBC’s current share count after the latest cancellation?

Following cancellation of UK-venue shares, the issued share capital is 17,420,739,067 ordinary shares.

Will Hong Kong repurchased shares be cancelled immediately?

No. Cancellation of Hong Kong-traded shares takes longer; HSBC will announce updated voting rights once completed.