Director/PDMR Shareholding

RNS Number : 4249B

HSBC Holdings PLC

03 April 2017

 

HSBC HOLDINGS PLC

3 April 2017

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

On 31 March 2017, the following awards of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted under the HSBC Share Plan 2011. The Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 24 February 2017 of £6.5030.

Annual Incentive Awards

Awards of 2,538 immediately vested and 3,806 deferred Shares were made to Paulo Maia under the HSBC Share Plan 2011. These awards relate to the performance year ended 31 December 2016 and comprise part of the Group's annual incentive arrangements. The awards were determined by assessing performance during the year against financial and non-financial metrics. Upon vesting, a six-month retention period applies.

889 of the immediately vested awards were sold in respect of Income Tax and Social Security liabilities at £6.5306 per share with 1,649 net shares vested. 

The deferred Shares vest in five equal annual tranches commencing in March 2018.

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person             Paulo Maia

2 - Reason for the notification

Position/status Chief Executive, Latin America Initial notification/amendment Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or       auction monitor

Full name of the entity HSBC Holdings plc Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017-03-31 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound Nature of Transaction: Acquisition Price Volume Total £6.50 6,344 £41,255.03 Aggregated £6.503 6,344 £41,255.03                 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017-03-31 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound Nature of Transaction: Disposal Price Volume Total £6.53 889 £5,805.70 Aggregated £6.531 889 £5,805.70

For any queries related to this notification please contact: 

Lauren Brown

Shareholder Services Team

020 7992 3761

 

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