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Article: New York Stock Exchange Listing and Share Capital Reorganisation Ordinary Shares.
- Article from:
- Business Wire
- Article date:
- June 24, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--June 24, 1999--
The Directors of HSBC Holdings plc announced on 22 February 1999 an intention to seek a listing on the New York Stock Exchange and proposals to consolidate the existing share capital into a single class of Ordinary Shares.
At the Annual General Meeting on 28 May 1999 the shareholders of HSBC Holdings plc approved the reorganisation of the Company's ordinary share capital under which shareholders will receive 3 new US$0.50 Ordinary Shares for each HK$10 or 75 pence Ordinary Share held. The reorganisation is subject to UK Court approval and to filing of the Court Order with the Registrar of Companies. The ...