HSBC 2001 Annual Report Download - page 215

213
2 Adjustable rate cumulative preferred stock, Series D
The preferred stock is redeemable, at the option of HSBC USA Inc, in whole or in part on or after 1 July 1999 at
par.
3 Cumulative preferred stock
The preferred stock is redeemable at the option of HSBC USA Inc., in whole or in part, at any time on or after 1
October 2007 at par.
4 Dutch auction rate transferable securities preferred stock, Series A and B
The preferred stock of each series is redeemable at the option of HSBC USA Inc., in whole or in part, on any
dividend payment date at par.
5 7.20% Series A cumulative preference shares
The preference shares are redeemable at the option of HSBC Republic Holdings (Luxembourg) S.A., in whole
but not in part, on any dividend date falling on or after 30 April 2003 at an aggregate amount of US$125
million.
The redemption of all preference shares is subject to the prior consent of the FSA and the relevant local banking
regulator.
35 Called up share capital
Authorised:
The authorised ordinary share capital of HSBC Holdings at 31 December 2001 was US$7,500 million, (2000 and
1999: US$5,250 million) divided into 15,000 million (2000 and 1999: 10,500 million) ordinary shares of US$0.50
each, and £301,500 divided into 301,500 non-voting deferred shares of £1 each.
At 31 December 2001 and 2000, the authorised preference share capital of HSBC Holdings was 10 million non-
cumulative preference shares of £0.01 each, 10 million non-cumulative preference shares of US$0.01 each, and 10
million non-cumulative preference shares of euro 0.01 each.
At 31 December 1999, the authorised preference share capital of HSBC Holdings was £500 million divided into 500
million non-cumulative preference shares of £1 each.
Number
of US$0.50
shares US$m
Issued:
At 1 January 2001........................................... 9,268,200,364 4,634
Shares issued to QUEST................................. 3,343,173 2
Shares issued under other option schemes ...... 10,161,789 5
Shares issued in lieu of dividends................... 72,922,195 37
At 31 December 2001.................................... 9,354,627,521 4,678
At 1 January 2000........................................... 8,458,101,569 4,230
Shares issued to QUEST................................. 33,749,569 16
Shares issued under other option schemes ...... 22,307,960 11
Shares issued in lieu of dividends................... 75,867,497 38
Shares issued on acquisition of CCF............... 678,173,769 339
At 31 December 2000 ..................................... 9,268,200,364 4,634