HSBC 2010 Annual Report Download - page 219

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Overview Operating & Financial Review Governance Financial Statements Shareholder Information
All-Employee share plans
5. In connection with the exercise of options under
the HSBC Holdings savings-related share option
plans: 9,796,778 ordinary shares were issued
at prices ranging from £3.3116 to £6.6870 per
share; 5,258,144 ordinary shares were issued
at prices ranging from HK$37.8797 to
HK$94.5057 per share; 1,418,224 ordinary
shares were issued at prices ranging from
US$4.8876 to US$12.0958 per share; and
356,578 ordinary shares were issued at prices
ranging from €3.6361 to €9.5912 per share.
Options over 19,857,648 ordinary shares lapsed.
6. 2,928,158 ordinary shares were issued at
€6.1884 per share in connection with a Plan
d’Epargne Entreprise for the benefit of non-UK
resident employees of HSBC France and its
subsidiaries.
7. Options over 22,017,216 ordinary shares were
granted at nil consideration under the HSBC
Holdings savings-related share option plans
on 21 April 2010 in response to applications
from approximately 44,500 applications
received from HSBC employees resident in over
75 countries and territories.
Discretionary share incentive plans
8. 4,228,503 ordinary shares were issued at a price
of £6.5009 per share in connection with the
exercise of options under the HSBC Holdings
Executive Share Option Scheme. Options over
2,478,345 ordinary shares lapsed.
9. 1,015,349 ordinary shares were issued at prices
ranging from £6.0216 to £7.3244 per share in
connection with the exercise of options under
the HSBC Holdings Group Share Option Plan.
Options over 3,946,021 ordinary shares lapsed.
10. No options were exercised under and no
ordinary shares were issued in connection with
the HSBC Share Plan. No options over ordinary
shares lapsed.
Cancellation of Deferred Shares and issue of
one Series A Sterling Preference Share
11. HSBC Holdings acquired and cancelled its
301,500 non-voting deferred shares of £1 each
as part of a technical capital reorganisation
necessitated by the amended EU Capital
Requirements Directive 2. To facilitate the
cancellation of the deferred shares and comply
with the provisions of the Companies
(Authorised Minimum) Regulations 2009,
HSBC Holdings issued one Sterling Preference
Share of £0.01 to Tooley Street View Limited
for £1.00 on 29 December 2010.
Authority to allot shares
12. At the Annual General Meeting in 2010,
shareholders renewed the general authority for
the Directors to allot new shares. The general
authority is to allot up to 3,484,638,000 ordinary
shares, 10,000,000 non-cumulative preference
shares of £0.01 each, 8,550,000 non-cumulative
preference shares of US$0.01 each and
10,000,000 non-cumulative preference shares
of €0.01 each. Within this, the Directors
have authority to allot up to a maximum of
871,159,500 ordinary shares wholly for cash
to persons other than existing shareholders.
Other than as described above, the Directors did
not allot any shares during 2010.
Treasury Shares
In accordance with the terms of a waiver granted by
the Hong Kong Stock Exchange on 19 December
2005, HSBC Holdings will comply with the
applicable law and regulation in the UK in relation
to the holding of any shares in treasury and with the
conditions of the waiver in connection with any
shares it may hold in treasury. No shares are
currently held in treasury.
Dividends, shareholders and
meetings
Dividends for 2010
First, second and third interim dividends for 2010,
each of US$0.08 per ordinary share, were paid on
7 July 2010, 6 October 2010 and 12 January 2011
respectively. Note 11 on the Financial Statements
gives more information on the dividends declared in
2010. On 28 February 2011, the Directors declared
a fourth interim dividend for 2010 of US$0.12 per
ordinary share in lieu of a final dividend, which will
be payable on 5 May 2011 in cash in US dollars, or
in sterling or Hong Kong dollars at exchange rates
to be determined on 27 April 2011, with a scrip
dividend alternative. As the fourth interim dividend
for 2010 was declared after 31 December 2010 it has
not been included in the balance sheet of HSBC as a
debt. The reserves available for distribution at
31 December 2010 were US$36,013m.
A quarterly dividend of US$15.50 per 6.20%
non-cumulative US Dollar Preference Share, Series
A (‘Series A Dollar Preference Share’), (equivalent