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

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 6
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ation
**If the Scheme becomes effective, the Scheme Shares will be cancelled in exchange for the Scheme Consideration, being a cash payment of HK$155.00 (less the Dividend Adjustment Amount, if any), for every Scheme Share held.

The 2025 Third Interim Dividend is expected to be declared by the Hang Seng Bank Board on 10 October 2025 and, subject to such declaration, Hang Seng Bank will announce the amount and the expected payment date of, and the record date for, the 2025 Third Interim Dividend. The 2025 Third Interim Dividend is expected to be an ordinary course dividend and will not be conditional on the Scheme having become effective. Hang Seng Bank Shareholders will receive the 2025 Third Interim Dividend without any deduction from the Scheme Consideration.

The Scheme Consideration will not be increased and neither HSBC Holdings nor HSBC Asia Pacific reserves the right to do so. Shareholders and potential investors of Hang Seng Bank should be aware that, following the making of this statement, neither HSBC Holdings nor HSBC Asia Pacific will be allowed to increase the Scheme Consideration.**

#### B.

#### Comparison of Value
The Scheme Consideration, being a cash payment of HK$155.00 for every Scheme Share (prior to taking into account any potential Dividend Adjustment Amount), represents:

(a)

a premium of approximately 30.3% over the closing price of HK$119.00 per Hang Seng Bank Share as quoted on the Hong Kong Stock Exchange on the Last Trading Day;

(b)

a premium of approximately 33.1% over the average closing price of HK$116.49 per Hang Seng Bank Share as quoted on the Hong Kong Stock Exchange over the last 30 trading days up to and including the Last Trading Day;

(c)

a premium of approximately 48.6% over the average closing price of HK$104.30 per Hang Seng Bank Share as quoted on the Hong Kong Stock Exchange over the last 360 trading days up to and including the Last Trading Day;

(d)

a premium of approximately 72.1% over the audited consolidated net asset value attributable to Hang Seng Bank Shareholders of approximately HK$90.06 per Hang Seng Bank Share as at 31 December 2024; and

(e)

a premium of approximately 70.9% over the unaudited consolidated net asset value attributable to Hang Seng Bank Shareholders of approximately HK$90.67 per