Company: HBCYF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011593
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 1
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 of the Market Abuse Regulation (EU) No                                                  
 596/2014 (as it forms part of domestic law of the United Kingdom by                                               
 virtue of the European Union (Withdrawal) Act 2018, as                                                            
 amended).                                                                                                         
 WARNING:                                                                                                          
 Shareholders and/or potential investors of HSBC Holdings and Hang                                                 
 Seng Bank should be aware that the Proposal will only be                                                          
 implemented if all the Conditions are satisfied or (if applicable)                                                
 waived on or before the Conditions Long Stop Date. Shareholders                                                   
 and/or potential investors of HSBC Holdings and Hang Seng Bank                                                    
 should therefore exercise caution when dealing in the securities of                                               
 HSBC Holdings and Hang Seng Bank respectively. Persons who are in                                                 
 doubt as to the action they should take should consult their                                                      
 licensed securities dealer, registered institution in securities,                                                 
 bank manager, solicitor and/or other professional                                                                 
 adviser.                                                                                                          |                           |

#### I.

#### INTRODUCTION
HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank jointly announce that HSBC Asia Pacific, as the offeror, has requested the Hang Seng Bank Board to put forward the Proposal to the Scheme Shareholders for the privatisation of Hang Seng Bank by way of a scheme of arrangement under Section 673 of the Companies Ordinance.

The Scheme will provide that, if it becomes effective, the Scheme Shares will be cancelled in consideration for the Scheme Consideration, being a cash payment of HK$155.00 (less the Dividend Adjustment Amount, if any), for every Scheme Share held.

Hang Seng Bank Shareholders will receive the 2025 Third Interim Dividend, which will not be deducted from the Scheme Consideration. All other dividends declared by Hang Seng Bank after the date of this announcement with a record date before the Scheme Effective Date will be deducted from the Scheme Consideration.

#### II.
**INTENTIONS OF HSBC HOLDINGS AND HSBC ASIA PACIFIC IN RELATION TO THE HANG SENG BANK GROUP

Hang Seng Bank has been rooted in Hong Kong for close to 100 years. HSBC intends to respect that legacy. Hang Seng Bank’s heritage, brand and distinct culture is a competitive advantage. As such, post privatisation, Hang Seng Bank will retain its separate authorization as a licensed bank under the Hong Kong Banking Ordinance with its own governance, brand, distinct customer proposition and a branch network.

Moreover, HSBC is aware of the important