Company: HBCYF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011593
Chunk: 7

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 7
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 Hang Seng Bank Share as at 30 June 2025.

During the six-month period immediately up to and including the Last Trading Day, the highest closing price of the Hang Seng Bank Shares as quoted on the Hong Kong Stock Exchange was HK$123.50 on 28 July 2025, and the lowest closing price of the Hang Seng Bank Shares as quoted on the Hong Kong Stock Exchange was HK$93.80 on 9 April 2025.

#### C.

#### Basis for determining the Scheme Consideration
The Scheme Consideration has been determined on an arm's length basis taking into account, among other things, the recent and historical trading prices of Hang Seng Bank Shares, the publicly available financial information of Hang Seng Bank and the other privatisation transactions in Hong Kong in recent years.

Since the initial approach by HSBC to Hang Seng Bank, the parties have engaged in discussions and the Scheme Consideration has been arrived at after three rounds of improvement over the initial proposal from HSBC.

#### D.

#### Value of the Proposal
As at the time of the publication of this announcement, there are 1,875,737,536 Hang Seng Bank Shares in issue, of which 684,880,165 will form the Scheme Shares.

Based on the Scheme Consideration of HK$155.00 per Scheme Share, and (i) on the basis that the 2,800,000 Hang Seng Bank Shares repurchased under the Hang Seng Bank Share Buy-back Programme which are pending cancellation as at the time of the publication of this announcement will be cancelled on or before the publication of the Scheme Document; and (ii) assuming there are no further changes in the number of Hang Seng Bank Shares from the time of the publication of this announcement up to and including the Scheme Record Date and there is no Dividend Adjustment Amount:

(a)

the Proposal values the entire issued share capital of Hang Seng Bank 3at approximately HK$290,305 million; and

(b)

a cash payment in the aggregate amount of HK$106,156 million will be paid by HSBC Asia Pacific to the Scheme Shareholders under the Proposal.

#### E.

#### Confirmation of financial resources
HSBC Asia Pacific intends to finance the entire amount of the Scheme Consideration payable to the Scheme Shareholders under the Proposal from the internal resources of the HSBC Group.

BofA Securities and Goldman Sachs, as joint financial advisers to HSBC Holdings and HSBC Asia Pacific in connection with the Proposal, are satisfied that