HSBC HOLDINGS PLC

 

                                                                             28 February 2018

 

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

 

 

1.   Long Term Incentive Awards

On 26 February 2018, long term incentive awards ("LTI awards") were made to the Executive Directors named below as part of variable pay for the performance year ended 31 December 2017. An LTI award is an award of US$0.50 ordinary shares ("Shares") in HSBC Holdings plc (the "Company"), with a three year performance period commencing on 1 January 2018 and ending on 31 December 2020.

 

At the end of this performance period, the number of Shares that vest will be determined based upon an assessment by the Group Remuneration Committee of performance against financial and non-financial measures, as detailed in the Directors' Remuneration Report in the 2017 Annual Report and Accounts. Subject to that assessment, the shares will vest in five equal annual instalments, with the first vesting taking place in March 2021, immediately following the end of the three year performance period, whilst the balance will vest in equal annual instalments thereafter. Upon each vesting, a one year retention period applies.

Directors

Name	Shares awarded
Iain Mackay	395,388
Marc Moses	395,388

 

 

2.   Annual Incentive Awards

On 26 February 2018, awards of (i) immediately vested and (ii) deferred Shares were made under the HSBC Share Plan 2011. These awards relate to the performance year ended 31 December 2017 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. For Executive Directors who served during the year ended 31 December 2017, the performance assessment is detailed in the Directors' Remuneration Report in the 2017 Annual Report and Accounts. Upon vesting, a one year retention period applies.

 

(i)       Immediately vested awards

Directors

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £7.2146 per share	Net shares vested
Iain Mackay	184,406	86,671	97,735
Marc Moses	187,724	88,231	99,493

 

 

 

Other PDMRs

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £7.2146 per share	Net shares vested
Samir Assaf	136,997	64,389	72,608
Peter Boyles	39,347	17,707	21,640
Patrick Burke	60,237	32,059	28,178
John Flint*	86,366	40,593	45,773
Andy Maguire	70,361	33,070	37,291
Paulo Maia	29,171	10,210	18,961
Charlie Nunn**	28,198	13,254	14,944
Noel Quinn	55,937	26,291	29,646
Antonio Simoes	55,969	26,306	29,663
Peter Wong	65,581	9,838	55,743

 

*	John Flint was appointed as Group Chief Executive and an Executive Director of the Company with effect from 21 February 2018.
**	Award in respect of 2017, prior to appointment as a PDMR in 2018.  The Awards have a six-month retention period.

(ii)      Deferred Awards

Awards vest in five equal annual tranches commencing in March 2021. Upon vesting, a one year retention period applies.

Other PDMRs

Name	Shares awarded
Samir Assaf	263,337
Peter Boyles	75,634
Patrick Burke*	104,753
John Flint**	166,014
Andy Maguire	135,248
Paulo Maia*	50,728
Charlie Nunn*/***	49,036
Noel Quinn	107,523
Antonio Simoes	107,583
Peter Wong*	114,046

 

*	Awards vest in five equal annual tranches commencing in March 2019.
**	John Flint was appointed as Group Chief Executive and an Executive Director of the Company with effect from 21 February 2018.
***	Award in respect of 2017, prior to appointment as a PDMR in 2018.  The Award has a six-month retention period.

 

Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 23 February 2018 of £7.2340.

 

 

3.   Share dealing

On 28 February 2018, Noel Quinn sold 150,000 Shares at £7.2170 per share.

 

 

 

 

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               John Flint

2 - Reason for the notification

Position/status 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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 252,380 £1,825,716.92   Aggregated £7.234   252,380 £1,825,716.92                     Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 40,593 £292,862.26   Aggregated £7.215   40,593 £292,862.26

 

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

Name of natural person               Iain Mackay

2 - Reason for the notification

Position/status Group Finance Director     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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 579,794 £4,194,229.80   Aggregated £7.234   579,794 £4,194,229.80                   Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound Nature of Transaction:   Disposal   Price   Volume Total   £7.21 86,671 £625,296.60   Aggregated £7.215   86,671 £625,296.60

 

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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 583,112 £4,218,232.21   Aggregated £7.234 583,112 £4, 218,232.21                      Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound Nature of Transaction:   Disposal   Price   Volume Total   £7.21 88,231 £636,551.37   Aggregated £7.215 88,231 £636,551.37

 

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

Name of natural person               Samir Assaf

2 - Reason for the notification

Position/status Chief Executive, Global Banking and Markets       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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 400,334 £2,896,016.16   Aggregated £7.234 400,334 £2,896,016.16                        Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound Nature of Transaction:   Disposal   Price   Volume Total   £7.21 64,389 £464,540.88   Aggregated £7.215 64,389 £464,540.88

 

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

Name of natural person                Peter Boyles

2 - Reason for the notification

Position/status Chief Executive of Global Private Banking     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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 114,981 £831,772.55   Aggregated £7.234 114,981 £831,772.55                         Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 17,707 £127,748.92   Aggregated £7.215 17,707 £127,748.92

 

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

Name of natural person               Patrick Burke

2 - Reason for the notification

Position/status President and Chief Executive of HSBC US     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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 164,990 £1,193,537.66   Aggregated £7.234 164,990 £1,193,537.66                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 32,059 £231,292.86   Aggregated £7.215 32,059 £231, 292.86

 

 

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

Name of natural person                Andy Maguire

2 - Reason for the notification

Position/status Group Chief Operating 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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 205,609 £1,487,375.51 Aggregated £7.234 205,609 £1,487,375.51                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 33,070 £238,586.82   Aggregated £7.215 33,070 £238,586.82

 

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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 79,899 £577,989.37   Aggregated £7.234 79,899 £577,989.37                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 10,210 £73,661.07   Aggregated £7.215 10,210 £73,661.07

 

 

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

Name of natural person              Charlie Nunn

2 - Reason for the notification

Position/status Chief Executive, Retail Banking and Wealth Management     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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 77,234 £558,710.76   Aggregated £7.234 77,234 £558,710.76                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 13,254 £95,662.31   Aggregated £7.215 13,254 £95,662.31

 

 

 

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

Name of natural person               Noel Quinn

2 - Reason for the notification

Position/status Chief Executive, Global Commercial Banking     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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 163,460 £1,182,469.64   Aggregated £7.234 163,460 £1,182,469.64                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 26,291 £189,679.05   Aggregated £7.215 26,291 £189,679.05                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-28 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.22 150,000 £1,082,550.00   Aggregated £7.217 150,000 £1,082,550.00

 

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

Name of natural person               Antonio Simoes

2 - Reason for the notification

Position/status Chief Executive, HSBC Bank plc      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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 163,552 £1,183,135.17   Aggregated £7.234 163,552 £1,183,135.17                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 26,306 £189,787.27   Aggregated £7.215 26,306 £189,787.27

 

 

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

Name of natural person                Peter Wong

2 - Reason for the notification

Position/status Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited      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   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Acquisition   Price   Volume Total   £7.23 179,627 £1,299,421.72   Aggregated £7.234 179,627 £1,299,421.72                       Date of Transaction Financial Instrument Identification Code Place of Transaction Currency   2018-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound   Nature of Transaction:   Disposal   Price   Volume Total   £7.21 9,838 £70,977.23   Aggregated £7.215 9,838 £70,977.23

 

For any queries related to this notification please contact:  

 

Larissa Wilson

Shareholder Services

020 7991 0595