Company: HBCYF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011593
Chunk: 5

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 5
---
 day 1 capital impact of the Proposal is approximately 125bps which would arise following the approval of the relevant resolutions by the requisite majority at each of the Hang Seng Bank Court Meeting and the Hang Seng Bank General Meeting. This reflects around 165bps from the consideration paid less around 40bps from the removal of the non-controlling interest regulatory capital deductions. HSBC expects to restore its CET1 ratio to its target operating range of 14.0%-14.5% through a combination of organic capital generation and not initiating any further buybacks for three quarters following the date of this announcement. A decision to recommence buybacks will be subject to HSBC’s normal buyback considerations and process on a quarterly basis.

#### V.

#### TERMS OF THE PROPOSAL
If the Proposal is approved and implemented:

(a) all the Scheme Shares in issue on the Scheme Record Date will be cancelled and extinguished on the Scheme Effective Date in exchange for the payment by HSBC Asia Pacific to each Scheme Shareholder of the Scheme Consideration of HK$155.00 (less the Dividend Adjustment Amount, if any) in cash for each Scheme Share cancelled and

extinguished;

(b) on the Scheme Effective Date, the issued share capital of Hang Seng Bank will be reduced by the cancellation and extinguishment of the Scheme Shares in issue on the Scheme Record Date and, immediately after such cancellation, extinguishment and reduction, the issued share capital of Hang Seng Bank will be restored to the amount immediately prior

to such cancellation, extinguishment and reduction by the issue by Hang Seng Bank to HSBC Asia Pacific (or its nominee) of such number of new Hang Seng Bank Shares (credited as fully-paid by applying the reserve created as a result of such cancellation, extinguishment and reduction) as is equal to the number of the Scheme Shares cancelled and

extinguished on the Scheme Effective Date;

(c) Hang Seng Bank will become a wholly-owned subsidiary of HSBC Holdings; and

(d) the listing of the Hang Seng Bank Shares on the Hong Kong Stock Exchange will be withdrawn from the Hong Kong Stock Exchange in accordance with Rule 6.15(2) of the Listing Rules.

HSBC Holdings and HSBC Asia Pacific have engaged BofA Securities and Goldman Sachs as the joint financial advisers in connection with the Proposal. In addition, HSBC Asia Pacific has engaged The Hongkong and Shanghai Banking Corporation Limited 2as its financial adviser in connection with the Proposal.

#### A.

#### Scheme Consider