For the month ended 31 March 2026, HSBC Holdings plc reported a net issuance of 8.32 million ordinary shares, lifting the outstanding share count to 17.18 billion. The change represents a marginal 0.05% month-on-month increase and stems almost entirely from performance and restricted share awards under the HSBC Share Plan 2011 (8.31 million shares).
No treasury shares were held or cancelled during the period, and the company confirmed that its public float comfortably meets the 25% threshold required by the Hong Kong Stock Exchange.
Employee equity plans • 1.64 million options under the all-employee Savings-Related Share Option Plan (UK) were exercised, though these were settled with shares held by an employee benefit trust and did not expand capital. • Option exercises generated proceeds of GBP 5.01 million. • Outstanding options under this plan stood at 45.64 million shares at month-end, down 1.87 million from February.
Additional Tier 1 (AT1) capital activity • HSBC redeemed in full the US$1.00 billion 4.000% perpetual subordinated contingent convertible securities on 9 March 2026. • Two new AT1 tranches were issued during the month: – US$1.25 billion 6.750% perpetual subordinated contingent convertible securities (conversion price: US$3.6061). – US$1.25 billion 7.000% perpetual subordinated contingent convertible securities (conversion price: US$3.6061). • Following these actions, HSBC has 16 outstanding AT1 instruments with an aggregate notional value of approximately US$22.80 billion (or currency equivalents), convertible into up to 6.29 billion ordinary shares under predefined triggers.
Capital structure snapshot (31 Mar 2026) • Ordinary shares in issue: 17.18 billion • Treasury shares: none • Preference shares: 1 share outstanding • Authorised share capital: not applicable under UK Companies Act 2006 provisions
All disclosures have been authorised by the board and are stated to comply with applicable listing and regulatory requirements.
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