HSBC : Director/PDMR Shareholding

HSBC HOLDINGS PLC

26 February 2020

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

The following transactions in ordinary shares of US$0.50 each ("Shares") in HSBC Holdings plc (the "Company") took place on 24 February 2020:

1. Long Term Incentive Award

A long term incentive award ("LTI award") was made to Ewen Stevenson, as part of variable pay for the performance year ended 31 December 2019. An LTI award is an award of Shares in the Company, with a three year forward-looking performance period commencing on 1 January 2020 and ending on 31 December 2022.

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 Annual Report and Accounts 2019. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2023. Upon each vesting, a one year retention period applies.

The LTI award was made in London and is based upon the closing Share price on the London Stock Exchange on 21 February 2020 of £5.6220.

Director

Name	Shares awarded
Ewen Stevenson	476,757

2. Annual Incentive Awards

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 2019 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 2019, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2019. Upon vesting, a one year retention period applies.

Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 21 February 2020 of £5.6220.

1. Immediately vested awards Directors

Name	Shares	Shares sold in respect of	Net shares vested
	awarded	Income Tax and Social
		Security liabilities at
		£5.506703 per share
Noel Quinn	105,072	49,384	55,688
Ewen Stevenson	96,202	45,215	50,987

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

Other PDMRs

Name	Shares	Shares sold in respect of	Net shares vested
	awarded	Income Tax and Social
		Security liabilities at
		£5.506703 per share
Samir Assaf	123,934	58,249	65,685
Pam Kaur	51,144	24,038	27,106
Paulo Maia	38,284	13,400	24,884
Charlie Nunn	78,582	36,934	41,648
Barry O'Byrne	39,467	18,550	20,917
Michael Roberts	126,533	61,964	64,569
Ian Stuart	44,774	21,044	23,730
Peter Wong	113,232	16,985	96,247

1. Deferred awards

Awards vest in five equal annual tranches commencing in March 2023. Upon vesting, a one year retention period applies.

Director

Name	Shares awarded
Noel Quinn	201,702
Other PDMRs
Name	Shares awarded
Samir Assaf	237,909
Pam Kaur	98,179
John Hinshaw	178,983
Paulo Maia1	66,479
Charlie Nunn	150,850
Barry O'Byrne	75,764
Michael Roberts1	219,718
Ian Stuart	85,950
Peter Wong1	196,621

1Awards vest in five equal annual tranches commencing in March 2021.

3. Replacement Awards made to John Hinshaw

Awards (the "Replacement Awards") of (i) immediately vested and (ii) deferred Shares were granted to John Hinshaw, to replace unvested awards granted to him by The Bank of New York Mellon Corporation, Diligent Corporation and Saama Technologies Inc., which were forfeited when he joined HSBC.

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Noel Quinn

Interim Group Chief Executive Initial Notification

The following share awards were made under the HSBC Share Plan 2011:

1. Immediately vested awards

Name	Shares	Shares sold in respect of	Net	Awards Replaced
	awarded1	Income Tax and Social	shares
		Security liabilities at	vested
		£5.506703 per share
				Award forfeited by The
John Hinshaw	13,680	6,430	7,250	Bank of New York Mellon
				Corporation
John Hinshaw	317	149	168	Award forfeited by
Diligent Corporation

1 The Replacement Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 10 December 2019 of £5.5890.

1. Deferred awards

Name	Shares	Awards replaced2
	awarded1
John Hinshaw	1,510	Award forfeited by Saama
Technologies Inc.

1. The Replacement Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 10 December 2019 of £5.5890.
2. The Replacement Award for the Saama Technologies Inc. Award will vest in May 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

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Ewen Stevenson

Group Chief Financial Officer Initial Notification

2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	306,774	£1,724,683.43
		Aggregated	£5.622	306,774	£1,724,683.43
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	49,384	£271,943.02
		Aggregated	£5.507	49,384	£271,943.02

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Samir Assaf

Chief Executive, Global Banking and Markets Initial Notification

Acquisitions under the
HSBC Share Plan 2011
			£5.62	572,959	£3,221,175.50
		Aggregated	£5.622	572,959	£3,221,175.50
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	45,215	£248,985.58
		Aggregated	£5.507	45,215	£248,985.58

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	361,843	£2,034,281.35
		Aggregated	£5.622	361,843	£2,034,281.35

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

John Hinshaw

Group Chief Operating Officer Initial Notification

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	58,249	£320,759.94
		Aggregated	£5.507	58,249	£320,759.94

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of	Financial	Identification	Place of Transaction	Currency
	Transaction	Instrument	Code
	2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
		shares of		Exchange, Main	Pound
		US$0.50		Market (XLON)
		each
	Nature of Transaction:		Price	Volume	Total
	Acquisitions under the
	HSBC Share Plan 2011
				£5.62	178,983	£1,006,242.43
				£5.59	15,507	£86,668.62
			Aggregated	£5.619	194,490	£1,092,911.05
	Date of	Financial	Identification	Place of Transaction	Currency
	Transaction	Instrument	Code
	2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
		shares of		Exchange, Main	Pound
				Market (XLON)
HSBC Holdings plc
Registered Office and Group Head Office:
8 Canada Square, London E14 5HQ, United Kingdom
Web: www.hsbc.com
Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Pam Kaur

Group Chief Risk Officer Initial Notification

	US$0.50
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	6,579	£36,228.60
		Aggregated	£5.507	6,579	£36,228.60

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	149,323	£839,493.91
		Aggregated	£5.622	149,323	£839,493.91
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	24,038	£132,370.13

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Paulo Maia

Chief Executive, Latin America, HSBC and Executive Chairman, HSBC Mexico

Initial Notification

Aggregated £5.507 24,038 £132,370.13

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	104,763	£588,977.59
		Aggregated	£5.622	104,763	£588,977.59
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	13,400	£73,789.82
		Aggregated	£5.507	13,400	£73,789.82

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

Barry O'Byrne

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Charlie Nunn

Chief Executive, Wealth and Personal Banking Initial Notification

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	229,432	£1,289,866.70
		Aggregated	£5.622	229,432	£1,289,866.70
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	36,934	£203,384.57
		Aggregated	£5.507	36,934	£203,384.57

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

Name of natural person

2 - Reason for the notification

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

Michael Roberts

President and Chief Executive Officer, HSBC USA Initial Notification

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

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

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	115,231	£647,828.68
		Aggregated	£5.622	115,231	£647,828.68
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	18,550	£102,149.34
		Aggregated	£5.507	18,550	£102,149.34

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc

Ian Stuart

Chief Executive, HSBC UK Bank plc Initial Notification

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	346,251	£1,946,623.12
		Aggregated	£5.622	346,251	£1,946,623.12
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	61,964	£341,217.34
		Aggregated	£5.507	61,964	£341,217.34

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

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

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
	2020-02-24	Ordinary		GB0005405286	London Stock	GBP - British
		shares of			Exchange, Main	Pound
		US$0.50			Market (XLON)
		each
	Nature of Transaction:			Price	Volume	Total
	Acquisitions under the
	HSBC Share Plan 2011
					£5.62	130,724	£734,930.33
				Aggregated	£5.622	130,724	£734,930.33
	Date of	Financial		Identification	Place of Transaction	Currency
	Transaction	Instrument		Code
	2020-02-24	Ordinary		GB0005405286	London Stock	GBP - British
		shares of			Exchange, Main	Pound
		US$0.50			Market (XLON)
		each
	Nature of Transaction:			Price	Volume	Total
	Disposal
					£5.51	21,044	£115,883.06
				Aggregated	£5.507	21,044	£115,883.06

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

Legal Entity Identifier code

4 - Details of the transaction(s)

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Acquisitions under the
HSBC Share Plan 2011
			£5.62	309,853	£1,741,993.57
		Aggregated	£5.622	309,853	£1,741,993.57
Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2020-02-24	Ordinary	GB0005405286	London Stock	GBP - British
	shares of		Exchange, Main	Pound
	US$0.50		Market (XLON)
	each
Nature of Transaction:		Price	Volume	Total
Disposal
			£5.51	16,985	£93,531.35
		Aggregated	£5.507	16,985	£93,531.35

For any queries related to this notification, please contact:

Larissa Wilson Shareholder Services 020 7991 0595

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered number 617987