HSBC Holdings PLC Director/PDMR Shareholding

Date : 05/30/2019 @ 12:00AM
Source : UK Regulatory (RNS & others)
Stock : Hsbc Holdings Plc (HSBA)
Quote : 607.4  0.0 (0.00%) @ 11:35PM
Hsbc share price Chart

HSBC Holdings PLC Director/PDMR Shareholding

Hsbc (LSE:HSBA)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more Hsbc Charts.

TIDMHSBA

RNS Number : 5226A

HSBC Holdings PLC

29 May 2019

HSBC HOLDINGS PLC

29 May 2019

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

   1.    Awards under the HSBC fixed pay allowance arrangements 

On 28 May 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 24 May 2019 of GBP6.5940.

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 
   John Flint           34,159 
                  ----------------- 
   Marc Moses           19,089 
                  ----------------- 
 Ewen Stevenson         19,089 
                  ----------------- 
 
   2.    Replacement Awards made to Ewen Stevenson 

On 25 June 2018, it was announced that Ewen Stevenson would be granted awards of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") (the "Replacement Award(s)"), to replace (i) unvested awards granted by The Royal Bank of Scotland Group plc ("RBS"), which were forfeited as a result of his HSBC appointment, and (ii) any variable pay award he would have otherwise received from RBS for the 2018 performance year (the "Award for the 2018 performance year").

The Replacement Awards were made on 28 May 2019 under the HSBC Share Plan 2011, in accordance with the terms of the remuneration policy approved by our shareholders and the remuneration rules of UK's Prudential Regulation Authority, as follows:

   a.    Immediately vested award 
 
       Name          Shares awarded(1)       Shares sold in        Net shares vested 
                                            respect of Income 
                                              Tax and Social 
                                           Security liabilities 
                                             at GBP6.5619 per 
                                                  share 
  Ewen Stevenson          84,397                 39,667                 44,730 
                   -------------------  -----------------------  ------------------- 
 

(1) The immediately vested share award was made in London and is based upon the closing Share price on the London Stock Exchange on 30 November 2018 of GBP6.6430, in accordance with the contractual terms agreed with Ewen Stevenson.

The immediately vested share award was a replacement award for a portion of the 2015 Long Term Incentive Plan ("LTIP"). A retention period applies until September 2019.

   b.   Deferred awards 
 
       Name         Shares awarded(1)              RBS Awards Replaced 
  Ewen Stevenson         212,442                   2015+2016 LTIPs (2) 
                  -------------------  ----------------------------------------- 
  Ewen Stevenson         313,608                      2017 LTIP (3) 
                  -------------------  ----------------------------------------- 
  Ewen Stevenson         177,883                      2018 LTIP (4) 
                  -------------------  ----------------------------------------- 
  Ewen Stevenson         241,988         Award for the 2018 performance year (5) 
                  -------------------  ----------------------------------------- 
 

(1) The Replacement Awards for the 2015 to 2018 LTIPs were made in London and are based upon the closing Share price on the London Stock Exchange on 30 November 2018 of GBP6.6430, in accordance with the contractual terms agreed with Ewen Stevenson. The Replacement Award for the 2018 performance year was made in London and is based upon the closing Share price on the London Stock Exchange on 22 February 2019 of GBP6.2350.

(2) The Replacement Award for a portion of the 2015 LTIP and the entirety of the 2016 LTIP will vest in March 2020 and March 2021. Upon each vesting a six month retention period will apply.

(3) Vests between March 2021 and March 2024. The number of Shares that vest will be determined based on the performance outcome applied and disclosed in RBS' 2019 Annual Report. Upon each vesting a six month retention period will apply.

(4) Vests between March 2021 and March 2025. The number of Shares that vest may be adjusted based on any 'pre-vest performance test' assessed and disclosed in RBS' 2020 Annual Report. Upon each vesting a one year retention period will apply.

(5) Vests in five equal annual instalments, commencing from March 2022. The number of Shares that vest may be adjusted based on any 'pre-vest performance test' assessed and disclosed in RBS' 2021 Annual Report. Upon each vesting a one year retention period will apply.

The Replacement Awards will also be subject to malus and clawback provisions that apply under the remuneration rules of the UK's Prudential Regulation Authority.

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                                        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 
      2019-05-28            Ordinary        GB0005405286       London Stock               GBP - British 
                             shares                             Exchange, Main             Pound 
                             of US$0.50                         Market (XLON) 
                             each 
     --------------------  --------------  -----------------  -------------------------  ------------------ 
      Nature of Transaction:                                   Price          Volume      Total 
 
       Acquisition 
                                                              -------------  ----------  ------------------ 
                                                               GBP6.59        19,089      GBP125,872.87 
                                           -----------------  -------------  ----------  ------------------ 
                                            Aggregated         GBP6.594       19,089      GBP125,872.87 
     ------------------------------------  -----------------  -------------  ----------  ------------------ 
 
      Date of             Financial         Identification     Place of Transaction       Currency 
       Transaction         Instrument        Code 
     ------------------  ----------------  -----------------  -------------------------  ------------------ 
      2019-05-28          Ordinary          GB0005405286       London Stock               GBP - British 
                           shares                               Exchange, Main             Pound 
                           of US$0.50                           Market (XLON) 
                           each 
     ------------------  ----------------  -----------------  -------------------------  ------------------ 
      Nature of Transaction:                                   Price          Volume      Total 
 
       Acquisition 
                                                              -------------  ----------  ------------------ 
                                                               GBP6.64        788,330     GBP5,236,876.19 
                                           -----------------  -------------  ----------  ------------------ 
                                            Aggregated         GBP6.643       788,330     GBP5,236,876.19 
     ------------------------------------  -----------------  -------------  ----------  ------------------ 
 
      Date of               Financial       Identification     Place of Transaction       Currency 
       Transaction           Instrument      Code 
      2019-05-28            Ordinary        GB0005405286       London Stock               GBP - British 
                             shares                             Exchange, Main             Pound 
                             of US$0.50                         Market (XLON) 
                             each 
     --------------------  --------------  -----------------  -------------------------  ------------------ 
      Nature of Transaction:                                   Price          Volume      Total 
 
       Disposal 
                                                              -------------  ----------  ------------------ 
                                                               GBP6.56        39,667      GBP260,290.89 
                                           -----------------  -------------  ----------  ------------------ 
                                            Aggregated         GBP6.562       39,667      GBP260,290.89 
     ------------------------------------  -----------------  -------------  ----------  ------------------ 
 
      Date of               Financial       Identification     Place of Transaction       Currency 
       Transaction           Instrument      Code 
                                           -----------------  -------------------------  ------------------ 
      2019-05-28            Ordinary        GB0005405286       London Stock               GBP - British 
                             shares                             Exchange, Main             Pound 
                             of US$0.50                         Market (XLON) 
                             each 
     --------------------  --------------  -----------------  -------------------------  ------------------ 
      Nature of Transaction:                                   Price          Volume      Total 
 
       Acquisition 
                                                              -------------  ----------  ------------------ 
                                                               GBP6.24        241,988     GBP1,508,795.18 
                                           -----------------  -------------  ----------  ------------------ 
                                            Aggregated         GBP6.235       241,988     GBP1,508,795.18 
     ------------------------------------  -----------------  -------------  ----------  ------------------ 
 
 
 
 
 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        Financial     Identification   Place of Transaction     Currency 
    Transaction    Instrument    Code 
   2019-05-28     Ordinary      GB0005405286     London Stock             GBP - British 
                   shares                         Exchange, Main           Pound 
                   of US$0.50                     Market (XLON) 
                   each 
  -------------  ------------  ---------------  -----------------------  -------------- 
   Nature of Transaction:                        Price         Volume     Total 
                                                ------------  ---------  -------------- 
   Acquisition                                   GBP6.59       34,159     GBP225,244.45 
                               ---------------  ------------  ---------  -------------- 
                                Aggregated       GBP6.594      34,159     GBP225,244.45 
  ---------------------------  ---------------  ------------  ---------  -------------- 
 
 
 
 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 
   2019-05-28     Ordinary      GB0005405286     London Stock             GBP - British 
                   shares                         Exchange, Main           Pound 
                   of US$0.50                     Market (XLON) 
                   each 
  -------------  ------------  ---------------  -----------------------  -------------- 
   Nature of Transaction:                        Price         Volume     Total 
                                                ------------  ---------  -------------- 
   Acquisition                                   GBP6.59       19,089     GBP125,872.87 
                               ---------------  ------------  ---------  -------------- 
                                Aggregated       GBP6.594      19,089     GBP125,872.87 
  ---------------------------  ---------------  ------------  ---------  -------------- 
 
 

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

DSHSEFFIUFUSEII

(END) Dow Jones Newswires

May 29, 2019 12:00 ET (16:00 GMT)

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

Finance Manila is owned and operated by ADVFN PLC.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:fm D:20191014 02:44:41