a6998x
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 December
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
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of
Hong Kong Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
Hong Kong Stock Code: 5
22 December 2023
HSBC HOLDINGS PLC
UPDATE ON SALE OF HSBC CANADA
On 29 November 2022, HSBC Holdings plc ('HSBC') announced the sale
of its business in Canada ('HSBC Canada') to Royal Bank of Canada
('RBC'), subject to regulatory and governmental approvals. On 21
December 2023 the Canadian Federal Government's Minister of Finance
approved the sale, with this approval enabling the transaction to
proceed.
HSBC and RBC continue to make progress on implementation and the
transaction is expected to close in the first quarter of
2024. HSBC remains committed to considering the payment of a
special dividend of $0.21 per share as a priority use of the
proceeds from this sale in the first half of
2024.
Miscellaneous
The Board of Directors of HSBC Holdings plc as at the date of this
announcement comprises: Mark Tucker*, Noel Quinn, Geraldine
Buckingham†, Rachel Duan†, Georges Elhedery, Carolyn
Julie Fairbairn†, James Anthony Forese†, Ann
Godbehere†, Steven Guggenheimer†, José Antonio
Meade Kuribreña†, Kalpana Morparia†, Eileen K
Murray† Brendan Nelson†, David Nish† and Swee
Lian Teo†.
* Non-executive Group
Chairman
† Independent
non-executive Director
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
This announcement contains both historical and forward-looking
statements. All statements other than statements of historical fact
are, or may be deemed to be, forward-looking statements.
Forward-looking statements may be identified by the use of terms
such as 'expects,' 'targets,' 'believes,' 'seeks,' 'estimates,'
'may,' 'intends,' 'plan,' 'will,' 'should,' 'potential,'
'reasonably possible', 'anticipates,' 'project', or 'continue',
variation of these words, the negative thereof or similar
expressions or comparable terminology. HSBC has based the
forward-looking statements on current plans, information, data,
estimates, expectations and projections about, among other things,
results of operations, financial condition, prospects, strategies
and future events, and therefore undue reliance should not be
placed on them. These forward-looking statements are subject to
risks, uncertainties and assumptions about us, as described under
'Cautionary statement regarding forward-looking statements'
contained in the HSBC Holdings plc Annual Report on Form 20-F for
the year ended 31 December 2022, filed with the SEC on 22 February
2023 (the '2022 Form 20-F'). HSBC undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. In
light of these risks, uncertainties and assumptions, the
forward-looking events discussed herein might not occur. Investors
are cautioned not to place undue reliance on any forward-looking
statements, which speak only as of their dates. No representation
or warranty is made as to the achievement or reasonableness of and
no reliance should be placed on such forward-looking statements.
Additional information, including information on factors which may
affect the HSBC Group's business, is contained in the 2022 Form
20-F.
ends/more
Investor enquiries to:
Neil Sankoff
+44 (0) 20 7991
5072 investorrelations@hsbc.com
Yafei
Tian
+852 2899
8909 yafei.tian@hsbc.com.hk
Media enquiries to:
UK - Kirsten Smart
+44 (0) 20
79918096
pressoffice@hsbc.com
Canada - Sharon Wilks
+1 647 388 1202
sharon_wilks@hsbc.ca
Note to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. HSBC serves customers worldwide from
offices in 62 countries and territories. With assets of
US$3,021bn at 30 September 2023, HSBC is one of the world's
largest banking and financial services organisations.
ends/all
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
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By:
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Name:
Aileen Taylor
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Title:
Group Company Secretary and Chief Governance Officer
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Date:
22 December 2023
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