Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 103

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 103
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 the QTE
Effective Date, then in such case Approved Entity Shares will be issued by the Approved Entity to the Conversion Shares Depository instead of Conversion Shares with the same effect as if Conversion Shares had been issued, as described, and subject
to the conditions specified, under “—Qualifying Takeover Event.”

Conversion Shares Offer

We may, in our sole and absolute discretion and following the occurrence of an Automatic Conversion, elect in the Conversion Shares Offer
Notice that the Conversion Shares Depository make an offer of all or some of the Conversion Shares to all or some of our Ordinary Shareholders at a cash price per Conversion Share equal to the Conversion Shares Offer Price (the “Conversion
Shares Offer”). The Conversion Shares Offer Price is fixed initially at £2.70 per Conversion Share and is subject to certain anti-dilution adjustments, as described under “—Anti-dilution—Adjustmentof Conversion Price and Conversion Shares Offer Price” (the “Conversion Shares Offer Price”). On the Issue Date, the Conversion Shares Offer Price and the Conversion
Price will be equal (based on an exchange rate of £1.00 = $1.3495).

Upon completion of the Conversion Shares Offer, we or the
Conversion Shares Depository will provide notice to the securityholders of the composition of the Conversion Shares Offer Consideration (including the pro ratacash component (as defined below) thereof, if any) per $1,000 Tradable Amount. The
“Conversion Shares Offer Consideration” in respect of each Security will be, (i) if all the Conversion Shares are sold in the Conversion Shares Offer, the pro ratashare of the cash proceeds from such sale attributable to such
Security converted from pounds sterling (or any such other currency in which our Ordinary Shares are denominated) into U.S. dollars at the Prevailing Rate as of the date that is three Depository Business Days prior to the relevant Settlement Date as
determined by the Conversion Shares Depository (less the pro rata share of any foreign exchange transaction costs) (the “pro ratacash component”), (ii) if some but not all of the Conversion Shares are sold in the
Conversion Shares Offer, (x) the pro ratacash component and (y) the pro ratashare of the Conversion Shares not sold pursuant to the Conversion Shares Offer attributable to such Security rounded down to the nearest whole
number of Conversion Shares (the “pro rataConversion Shares component”), and (iii) if no Conversion Shares are sold in a Conversion Shares Offer