BRIEF-HSBC Spokesperson Says Co Remains On Track To Hit All Financial Targets

HSBC Holdings PLC : * REMAINS ON TRACK TO HIT ALL OF FINANCIAL TARGETS, INCLUDING A RETURN ON TANGIBLE EQUITY OF AT LEAST 12% FROM 2023 ONWARDS - SPOKESPERSON

* EXPECT QUARTERLY DIVIDEND TO INITIALLY BE REINSTATED AT A LOWER LEVEL THAN HISTORICAL QUARTERLY DIVIDEND - SPOKESPERSON * INTENDS TO REVERT TO PAYING QUARTERLY DIVIDENDS IN 2023 - SPOKESPERSON

* OTHER INSTITUTIONAL INVESTORS DO NOT BELIEVE THERE IS ECONOMIC CASE FOR SPLITTING THE BANK - SPOKESPERSON * GIVEN THE CURRENT RETURNS TRAJECTORY, TARGETING A DIVIDEND PAYOUT RATIO OF AROUND 50% FOR 2023 AND 2024 - SPOKESPERSON

* REMAINS ON TRACK TO HIT ALL OF FINANCIAL TARGETS, INCLUDING A RETURN ON TANGIBLE EQUITY OF AT LEAST 12% FROM 2023 ONWARDS - SPOKESPERSON Related content: Further company coverage: