HSBC announces share buy-back of up to US$1 billion with Goldman Sachs International
This filing reports no actual results or guidance changes, so there is no beat or miss to state versus the prior FY 2026 guidance midpoint. HSBC announced it will commence a share buy-back of its ordinary shares for a maximum consideration of US$1,000,000,000, with purchases running from 29 October 2026 and ending no later than 19 February 2027, subject to regulatory approval remaining in place. The buy-back is implemented through non-discretionary agreements with Goldman Sachs International acting as principal,...
Key takeaways
Buy-back size: Up to US$1,000,000,000 aggregate purchase price for HSBC ordinary shares of US$0.50 each.
Purpose: Reduce HSBC's outstanding ordinary shares; ordinary shares repurchased under the buy-back will be cancelled.
Counterparty: Non-discretionary buy-back agreements with Goldman Sachs International acting as principal, with Goldman Sachs simultaneously on-selling the shares to HSBC; Goldman Sachs makes trading decisions independently of HSBC.
Timing: Purchases run from 29 October 2026 and end no later than 19 February 2027, subject to regulatory approval remaining in place.
Share limit: A maximum of 1,669,697,533 ordinary shares, equal to the number repurchasable under the 2026 Authority less shares repurchased since that authority was granted at the annual general meeting on 8 May 2026.
Execution venues: London Stock Exchange, Aquis Exchange, Cboe Europe Limited (through the BXE and CXE order books) and/or Turquoise, and/or The Stock Exchange of Hong Kong Limited; UK purchases are on-Exchange market purchases, while Hong Kong purchases are off-market for the Companies Act 2006 but on-market under the Hong Kong Listing Rules and Hong Kong Buy-back Code.
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Primary source
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