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 | |||||||
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| Name of natural person | Noel Quinn |
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| 2 - Reason for the notification | |||||||
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| Position/status | Interim Group Chief Executive | ||||||
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| Initial notification/amendment
| Initial Notification | ||||||
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| 3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
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| Full name of the entity | HSBC Holdings plc | ||||||
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| Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||
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| 4 - Details of the transaction(s) | |||||||
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| Transaction(s) summary table | |||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2019-11-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
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| Volume | Total
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| Acquisition under the HSBC Share Plan 2011 |
| £5.96 | 61,830 | £368,259.48
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| Aggregated | £5.956 | 61,830 | £368,259.48 |
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| 1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||
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| Name of natural person | Marc Moses |
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| 2 - Reason for the notification | |||||||
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| Position/status | Group Chief Risk Officer | ||||||
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| Initial notification/amendment
| Initial Notification | ||||||
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| 3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
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| Full name of the entity | HSBC Holdings plc | ||||||
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| Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||
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| 4 - Details of the transaction(s) | |||||||
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| Transaction(s) summary table | |||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2019-11-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
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| Volume | Total
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| Acquisition under the HSBC Share Plan 2011 |
| £5.96 | 42,268 | £251,748.21 |
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| Aggregated | £5.956 | 42,268 | £251,748.21 |
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| 1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||
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| Name of natural person | Ewen Stevenson |
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| 2 - Reason for the notification | |||||||
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| Position/status | Group Chief Financial Officer | ||||||
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| Initial notification/amendment
| Initial Notification | ||||||
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| 3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
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| Full name of the entity | HSBC Holdings plc | ||||||
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| Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||
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| 4 - Details of the transaction(s) | |||||||
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| Transaction(s) summary table | |||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2019-11-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
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| Price
| Volume | Total
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| Acquisition under the HSBC Share Plan 2011 |
| £5.96 | 42,268 | £251,748.21 |
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| Aggregated | £5.956 | 42,268 | £251,748.21 |
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| 1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||
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| Name of natural person | Michael Roberts |
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| 2 - Reason for the notification | |||||||
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| Position/status | President and Chief Executive Officer, HSBC USA | ||||||
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| Initial notification/amendment
| Initial Notification | ||||||
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| 3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
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| Full name of the entity | HSBC Holdings plc | ||||||
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| Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||
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| 4 - Details of the transaction(s) | |||||||
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| Transaction(s) summary table | |||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2019-11-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
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| Volume | Total
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| Acquisition under the HSBC Share Plan 2011 |
| £6.03 | 633,130 | £3,817,773.90 |
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| Aggregated | £6.03 | 633,130 | £3,817,773.90 |
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For any queries related to this notification, please contact:
Larissa Wilson
Shareholder Services
020 7991 0595