HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has granted conditional awards for nearly half a million shares to its employees under the HSBC International Employee Share Purchase Plan, with no performance conditions attached due to the all-employee nature of the plan. The award allows employees to subscribe for shares at no cost, which will vest over a period of two years and six months. This initiative forms part of a broader scheme that allows for up to 10% of HSBC’s ordinary share capital to be allocated for employee share awards over a ten-year period.
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