HSBC Intends to Delist from Euronext Paris

HSBC Holdings plc (‘HSBC’) announced its intention to submit an application for the delisting of its ordinary shares (ISIN: GB0005405286) from Euronext Paris. This new move comes following a review of the trading volumes, costs and administrative requirements related to its Euronext Paris listing.

According to the press release published by the company, any delisting of HSBC’s ordinary shares from Euronext Paris is subject to the approval of Euronext Paris and would have no impact on HSBC’s day-to-day operations in France or in Continental Europe, where HSBC remains committed to its plans to be a leading international bank in Europe.

HSBC’s listings on the London Stock Exchange, The Stock Exchange of Hong Kong Limited, the New York Stock Exchange and the Bermuda Stock Exchange would not be impacted by any delisting from Euronext Paris.

Let's recall that HSBC registers 16% Y/Y rise in Global Markets revenues in Q3 2020. Across all segments, reported profit after tax for the third quarter of 2020 tumbled down 46% to $2billion. Reported profit before tax of fell 36% to $3.1 billion, primarily reflecting a reduction in reported revenue.

In addition, Q3 covered restructuring and other related costs of $0.1bn associated with disposal losses related to the RWA reduction commitments.