HSBC Holdings PLC Director/PDMR Shareholding (1766T)
November 12 2019 - 12:00PM
UK Regulatory
TIDMHSBA
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
GBP5.9560.
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 awarded(1) 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 GBP6.0300.
(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 Financial Identification Place of Transaction Currency
Transaction Instrument Code
2019-11-11 Ordinary GB0005405286 London Stock GBP - British
shares Exchange, Main Pound
of US$0.50 Market (XLON)
each
------------- ------------ --------------- ----------------------- --------------
Nature of Transaction: Price Volume Total
------------ --------- --------------
Acquisition under GBP5.96 61,830 GBP368,259.48
the HSBC Share Plan
2011
--------------- ------------ --------- --------------
Aggregated GBP5.956 61,830 GBP368,259.48
--------------------------- --------------- ------------ --------- --------------
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 Financial Identification Place of Transaction Currency
Transaction Instrument Code
2019-11-11 Ordinary GB0005405286 London Stock GBP - British
shares Exchange, Main Pound
of US$0.50 Market (XLON)
each
------------- ------------ --------------- ----------------------- --------------
Nature of Transaction: Price Volume Total
------------ --------- --------------
Acquisition under GBP5.96 42,268 GBP251,748.21
the HSBC Share Plan
2011
--------------- ------------ --------- --------------
Aggregated GBP5.956 42,268 GBP251,748.21
--------------------------- --------------- ------------ --------- --------------
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 Financial Identification Place of Transaction Currency
Transaction Instrument Code
2019-11-11 Ordinary GB0005405286 London Stock GBP - British
shares Exchange, Main Pound
of US$0.50 Market (XLON)
each
------------- ------------ --------------- ----------------------- --------------
Nature of Transaction: Price Volume Total
------------ --------- --------------
Acquisition under GBP5.96 42,268 GBP251,748.21
the HSBC Share Plan
2011
--------------- ------------ --------- --------------
Aggregated GBP5.956 42,268 GBP251,748.21
--------------------------- --------------- ------------ --------- --------------
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 Financial Identification Place of Transaction Currency
Transaction Instrument Code
2019-11-11 Ordinary GB0005405286 London Stock GBP - British
shares Exchange, Main Pound
of US$0.50 Market (XLON)
each
------------- ------------ --------------- ----------------------- ----------------
Nature of Transaction: Price Volume Total
----------- ---------- ----------------
Acquisition under GBP6.03 633,130 GBP3,817,773.90
the HSBC Share Plan
2011
--------------- ----------- ---------- ----------------
Aggregated GBP6.03 633,130 GBP3,817,773.90
--------------------------- --------------- ----------- ---------- ----------------
For any queries related to this notification, please
contact:
Larissa Wilson
Shareholder Services
020 7991 0595
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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