�

HSBC HOLDINGS PLC

�

11 March 2020

�

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

�

1.�� Group Performance Share Plan awards (Performance Year 2014)�

Deferred awards under the Group Performance Share Plan ("GPSP Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2015 as a part of variable pay for the performance year ended 31 December 2014.

The GPSP Awards vested on 10 March 2020 and the following transactions took place in London. The Shares must be retained while the individual is employed by HSBC. The GPSP Awards were determined by assessing performance against financial and non-financial metrics, as detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2014.

Other PDMRs

Name

Additional Shares issued in lieu of the 2019 4th interim dividend¹

Total number of Shares vested

�Number of Shares sold at �4.818732 per Share²

Pam Kaur

�

607

�

19,770

�

9,292

Peter Wong

�

1,517

�

49,452

�

7,418

^�

¹�At US$6.6338 per Share, being the average closing price of the Company's Shares on the London Stock Exchange for the five business days between 27 February and 4 March 2020, converted into USD.�

²Includes shares sold to cover withholding tax.�

�

2.�� Group Performance Share awards (Performance Year 2014)

�

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2015 as a part of variable pay for the performance year ended 31 December 2014.

The Awards vested on 10 March 2020 and the following transactions took place in London.

Directors

Name

Additional Shares issued in lieu of the 2019 4th interim dividend¹

Total number of Shares vested

�Number of Shares sold at �4.818732 per Share²

Noel Quinn

�

639

�

20,838

�

8,237

�

Other PDMRs

Name

Additional Shares issued in lieu of the 2019 4th interim dividend¹

Total number of Shares vested

�Number of Shares sold at �4.818732 per Share²

Paulo Maia

�

381

�

12,412

�

4,436

Stephen Moss

�

581

�

18,925

�

8,895

Charlie Nunn

�

372

�

12,124

�

5,699

�

¹ ^�At US$6.6338 per Share, being the average closing price of the Company's Shares on the London Stock Exchange for the five business days between 27 February and 4 March 2020, converted into USD.�

²Includes shares sold to cover withholding tax.

�

3.�� Annual Incentive awards (Performance Year 2018)

�

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc were granted in 2019 as a part of variable pay for the performance year ended 31 December 2018.

On 10 March 2020, the first tranche of the Awards granted in 2019 vested and the following transactions took place in London.

Other PDMRs

Name	Total number of Shares vested �	Number of Shares sold at �4.818732 per Share¹
Georges Elhedery	17,193	� 7,226
Greg Guyett	33,327	� 15,664
Paulo Maia	12,420	� 4,348
Stephen Moss	17,082	� 8,029
Barry O'Byrne	9,754	� 4,585
Peter Wong	33,436	� 5,016

�

¹ ^�Includes shares sold to cover withholding tax.

�

The vesting price for all awards is based on the closing Share price on the London Stock Exchange on 9 March 2020 of �4.7000.

�

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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	639	US$4,239.00	�
	�				Aggregated	US$6.634	639	US$4,239.00	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	20,838	�97,938.60	�
	�				Aggregated	�4.70	20,838	�97,938.60	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	8,237	�39,691.90	�
	�				Aggregated	�4.819	8,237	�39,691.90	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

1 - Details of the person discharging managerial responsibilities / person closely associated
�
Name of natural person					Georges Elhedery		�
�					�		�
2 - Reason for the notification
�
Position/status					Co-Head of 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	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011			�	Price �	Volume	Total �	�
	�			�	�4.70	17,193	�80,807.10	�
	�			Aggregated	�4.70	17,193	�80,807.10	�
�	�	�		�	�		�	�
�	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal			�	Price �	Volume	Total �	�
	�			�	�4.82	7,226	�34,820.16	�
	�			Aggregated	�4.819	7,226	�34,820.16	�
�	�	�		�	�		�	�
�	�			�	�	�	�	�
�	�	�	�	�	�	�	�	�

�

1 - Details of the person discharging managerial responsibilities / person closely associated
�
Name of natural person					Greg Guyett		�
�					�		�
2 - Reason for the notification
�
Position/status					Co-Head of 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	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011			�	Price �	Volume	Total �	�
	�			�	�4.70	33,327	�156,636.90	�
	�			Aggregated	�4.70	33,327	�156,636.90	�
�	�	�		�	�		�	�
�	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal			�	Price �	Volume	Total �	�
	�			�	�4.82	15,664	�75,480.62	�
	�			Aggregated	�4.819	15,664	�75,480.62	�
�	�	�		�	�		�	�
�	�			�	�	�	�	�
�	�	�	�	�	�	�	�	�

�

1 - Details of the person discharging managerial responsibilities / person closely associated
�
Name of natural person						Pam Kaur		�
�						�		�
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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	607	US$4,026.72	�
	�				Aggregated	US$6.634	607	US$4,026.72	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	19,770	�92,919.00	�
	�				Aggregated	�4.70	19,770	�92,919.00	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	9,292	�44,775.66	�
	�				Aggregated	�4.819	9,292	�44,775.66	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

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, HSBC and Executive Chairman, HSBC Mexico
�						�
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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	381	US$2,527.48	�
	�				Aggregated	US$6.634	381	US$2,527.48	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisitions under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	24,832	�116,710.40	�
	�				Aggregated	�4.70	24,832	�116,710.40	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	8,784	�42,327.74	�
	�				Aggregated	�4.819	8,784	�42,327.74	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

1 - Details of the person discharging managerial responsibilities / person closely associated
�
Name of natural person						Stephen Moss		�
�						�		�
2 - Reason for the notification
�
Position/status						Regional Chief Executive for Europe; the Middle East, North Africa and Turkey; Latin America; and Canada
�						�
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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	581	US$3,854.24	�
	�				Aggregated	US$6.634	581	US$3,854.24	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	36,007	�169,232.90	�
	�				Aggregated	�4.70	36,007	�169,232.90	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	16,924	�81,552.22	�
	�				Aggregated	�4.819	16,924	�81,552.22	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

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, Wealth and Personal 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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	372	US$2,467.77	�
	�				Aggregated	US$6.634	372	US$2,467.77	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	12,124	�56,982.80	�
	�				Aggregated	�4.70	12,124	�56,982.80	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	5,699	�27,461.95	�
	�				Aggregated	�4.819	5,699	�27,461.95	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

1 - Details of the person discharging managerial responsibilities / person closely associated
�
Name of natural person					Barry O'Byrne		�
�					�		�
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	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisition under the HSBC Share Plan 2011			�	Price �	Volume	Total �	�
	�			�	�4.70	9,754	�45,843.80	�
	�			Aggregated	�4.70	9,754	�45,843.80	�
�	�	�		�	�		�	�
�	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal			�	Price �	Volume	Total �	�
	�			�	�4.82	4,585	�22,093.89	�
	�			Aggregated	�4.819	4,585	�22,093.89	�
�	�	�		�	�		�	�
�	�			�	�	�	�	�
�	�	�	�	�	�	�	�	�

�

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	�
�	2020-03-10			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar	�
�	Nature of Transaction: � Acquisition				�	Price �	Volume	Total �	�
	�				�	US$6.63	1,517	US$10,063.47	�
	�				Aggregated	US$6.634	1,517	US$10,063.47	�
�	�		�		�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Acquisitions under the HSBC Share Plan 2011				�	Price �	Volume	Total �	�
	�				�	�4.70	82,888	�389,573.60	�
	�				Aggregated	�4.70	82,888	�389,573.60	�
�	�	�			�	�		�	�
�	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency	�
�	2020-03-10		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound	�
�	Nature of Transaction: � Disposal				�	Price �	Volume	Total �	�
	�				�	�4.82	12,434	�59,916.11	�
	�				Aggregated	�4.819	12,434	�59,916.11	�
�	�	�			�	�		�	�
�	�				�	�	�	�	�
�	�	�	�	�	�	�	�	�	�

�

For any queries related to this notification, please contact:�

�

Larissa Wilson

Shareholder Services�

020 7991 0595