HSBC 2006 Annual Report Download - page 267

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S K Green has an interest as beneficial owner in
€75,000 of HSBC Holdings plc 5½ per cent
Subordinated Notes 2009 which he held throughout
the year.
As a Director of HSBC Private Banking
Holdings (Suisse), S K Green has an interest as
beneficial owner in one share of CHF1,000, which
he held throughout the year. S K Green has waived
his rights to receive dividends on the share and has
undertaken to transfer the share to HSBC on ceasing
to be a Director of HSBC Private Banking Holdings
(Suisse).
As Directors of HSBC France, S K Green and
M F Geoghegan each have an interest as beneficial
owner in one share of €5 in that company, which
they held throughout the year. The Directors have
waived their rights to receive dividends on these
shares and have undertaken to transfer these shares
to HSBC on ceasing to be Directors of HSBC
France.
No Directors held any short positions as defined
in the Securities and Futures Ordinance of Hong
Kong. Save as stated above and in the Directors’
Remuneration Report, none of the Directors had an
interest in any shares or debentures of HSBC or any
associated corporation at the beginning or at the end
of the year, and none of the Directors or members of
their immediate family was awarded or exercised
any right to subscribe for any shares or debentures
during the year.
Since the end of the year, the interests of each of
the following Directors have increased by the
number of HSBC Holdings ordinary shares shown
against their name:
HSBC Holdings ordinary shares of US$0.50
Beneficial
owner
Jointly with
another person
Beneficiary
of a trust
R K F Ch’ien .................................................................................................... 4161– –
J D Coombe ..................................................................................................... 471– –
Baroness Dunn ................................................................................................. 1,1821– –
D J Flint ........................................................................................................... 64222231 5,6733
M F Geoghegan ............................................................................................... – – 5,3143
S K Green ........................................................................................................ 2,8774– 8,0073
Sir Brian Moffat................................................................................................ – 971 –
S W Newton...................................................................................................... 451– –
S M Robertson ................................................................................................. 411– –
Sir Brian Williamson ........................................................................................ 1381– –
1 Scrip dividend.
2 Comprises scrip dividend on shares held as beneficial owner (568 shares), the acquisition of shares in the HSBC Holdings UK Share
Ownership Plan through regular monthly contributions (27 shares), the automatic reinvestment of dividend income on shares held in the
plan (8 shares) and by the automatic reinvestment of dividend income by an Individual Savings Account and Personal Equity Plan
manager (39 shares).
3 Scrip dividend on awards held under The HSBC Share Plan and the HSBC Holdings Restricted Share Plan 2000.
4 Comprises scrip dividend on shares held as beneficial owner (2,842 shares), the acquisition of shares in the HSBC Holdings UK Share
Ownership Plan through normal monthly contributions (27 shares) and the automatic reinvestment of dividend income on shares held in
the plan (8 shares).
There have been no other changes in Directors’
interests from 31 December 2006 to the date of this
Report. Any subsequent changes up to the last
practicable date before the publication of the ‘Notice
of Annual General Meeting’ will be set out in the
notes to that Notice.
At 31 December 2006, Directors and Senior
Management held, in aggregate, beneficial interests
in 17,333,485 HSBC Holdings ordinary shares
(0.2 per cent of the issued ordinary shares).
At 31 December 2006, executive Directors and
Senior Management held, in aggregate, options to
subscribe for 4,585,589 HSBC Holdings ordinary
shares under the HSBC Holdings Executive Share
Option Scheme, HSBC Holdings Group Share
Option Plan, HSBC Holdings savings-related share
option plans and HSBC Finance 1996 Long-Term
Executive Incentive Compensation Plan. These
options are exercisable between 2007 and 2014 at
prices ranging from £5.3496 to £9.1350 per share,
and US$10.66 to US$21.37 per share.
Employees
At 31 December 2006, HSBC’s customers were
served by 312,000 full and part-time employees
worldwide, compared with 284,000 at 31 December
2005 and 253,000 at 31 December 2004. The main
centres of employment are the UK with
approximately 57,000 employees; the US 50,000;
Brazil 29,000; Hong Kong 28,000; India 27,000;
Mexico 24,000 and France 15,000. HSBC negotiates
with recognised unions. The highest concentrations