FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of November
 
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F X Form 40-F  
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).
 
Yes  No X
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-   ).
 
 
 
  
 
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
 
 
 
 
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
HSBC Holdings plc
 
 
 
By:
 
Name: Richard Gray
 
Title: Group Company Secretary
 
 
 
Date: 12 November 2019