Company: HBCYF
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001654954-25-013477
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-28
Form: 6-K
Chunk 1
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, which include but are not limited to requirements under Rule 21.2, 21.7, 23 and 24 of the Takeovers Code.

Given the nature of certain ordinary course activities conducted by the Company and its subsidiaries (for the purpose of this announcement, excluding Hang Seng Bank and its subsidiaries) (the " Group "), the Group has applied for, and the Executive has granted, relevant consents and confirmations (the " Relevant Consents ") with respect to strict compliance with the requirements under Rule 21.2, 21.7, 23 and 24 of the Takeovers Code to ensure compliance with the aforementioned rules. Further details of the Relevant Consents are set out below.**

#### Certain structured products and related hedging
**Certain members of the Group, in their ordinary course of business, may be involved in dealings in, and lending and borrowing of, shares or securities of Hang Seng Bank during the offer period in respect of the Proposal (" Structured Products-related Activities ") in connection with:

(i) the creation of certain structured products under new client-driven trades where the shares in Hang Seng Bank referenced in each product represent individually (A) less than 1% of the total issued shares of Hang Seng Bank and (B) less than 20% of the value of all the securities in the product at the time of creation, and the creation and maintenance and adjustments of their related hedging arrangements;

(ii) the unwinding of certain pre-existing structured products and their related hedging arrangements; and

(iii) the rolling over of certain structured products where the shares in Hang Seng Bank referenced in each product represent individually (A) less than 1% of the total issued shares of Hang Seng Bank and (B) less than 20% of the value of all the securities in the product at the time when the rollover arrangements are entered into and when the rollover dealings are made, and maintenance and adjustments of their related hedging arrangements.

On 8 October 2025 and 26 November 2025, following applications by the Group, the Executive granted the following consents in respect of the Structured Products-related Activities:

(i) the Executive consents to the sale of any securities of Hang Seng Bank by members of the Group during the offer period in respect of the Proposal without the need to give 24-hours' public notice prior to such sales under Rule 21.2 of the Takeovers Code;

(ii) the Executive confirms any purchase of securities of Hang