Director/PDMR Shareholding

RNS Number : 1766T

HSBC Holdings PLC

12 November 2019

 

HSBC HOLDINGS PLC

12 November 2019

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

1.       Fixed Pay Allowance Arrangements

On 11 November 2019, awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted under the HSBC fixed pay allowance arrangements. Awards comprise part of the relevant employees' fixed remuneration for 2019. The Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 8 November 2019 of £5.9560.

The Awards vest in full on the date of grant. Individual tax liabilities in respect of the vesting of the Awards were satisfied in cash. The number of Shares received by the Directors named below is therefore net of tax.

The Awards will be released in five equal annual instalments starting from March 2020.

Name	Number of Shares vested
Noel Quinn	61,830
Marc Moses	42,268
Ewen Stevenson	42,268

2.   Replacement Awards made to Michael Roberts

Also on 11 November 2019, awards (the "Replacement Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted to Michael Roberts, to replace unvested awards granted by Citigroup Inc. ("Citi") that were forfeited as a result of his HSBC appointment.

The following deferred share awards were made under the HSBC Share Plan 2011:

Name	Shares awarded1	Citi Awards Replaced
Michael Roberts	106,262	Award for the 2015 performance year 2
Michael Roberts	128,021	Award for the 2016 performance year 3
Michael Roberts	158,460	Award for the 2017 performance year 4
Michael Roberts	240,387	Award for the 2018 performance year 5

¹ The Replacement Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 2 October 2019 of £6.0300.

² Vests in full in March 2020.

³ Vests in two equal annual instalments, commencing from March 2020.

⁴ Vests in three equal annual instalments, commencing from March 2020.

⁵ Vests in four equal annual instalments, commencing from March 2020.

The following disclosures are 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				Noel Quinn
2 - Reason for the notification
Position/status				Interim Group Chief Executive
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
	2019-11-11	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price	Volume	Total
	Acquisition under the HSBC Share Plan 2011			£5.96	61,830	£368,259.48
			Aggregated	£5.956	61,830	£368,259.48

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person				Marc Moses
2 - Reason for the notification
Position/status				Group Chief Risk Officer
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
	2019-11-11	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price	Volume	Total
	Acquisition under the HSBC Share Plan 2011			£5.96	42,268	£251,748.21
			Aggregated	£5.956	42,268	£251,748.21

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person				Ewen Stevenson
2 - Reason for the notification
Position/status				Group Chief Financial Officer
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
	2019-11-11	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price	Volume	Total
	Acquisition under the HSBC Share Plan 2011			£5.96	42,268	£251,748.21
			Aggregated	£5.956	42,268	£251,748.21

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person				Michael Roberts
2 - Reason for the notification
Position/status				President and Chief Executive Officer, HSBC USA
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
	2019-11-11	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price	Volume	Total
	Acquisition under the HSBC Share Plan 2011			£6.03	633,130	£3,817,773.90
			Aggregated	£6.03	633,130	£3,817,773.90

For any queries related to this notification, please contact: 

Larissa Wilson

Shareholder Services 

020 7991 0595

 

END

 

 

DSHFFMFMEFUSEIF