HSBC 2015 Annual Report Download - page 284

Report of the Directors: Corporate Governance (continued)
Appendix to Corporate Governance
HSBC HOLDINGS PLC
282
All-employee share plans
Number
Aggregate
nominal value Exercise price
$from to
HSBC Holdings savings-related share option plans
HSBC ordinary shares issued in £ 14,701,564 7,350,782 £3.3116 5.4738
HSBC ordinary shares issued in HK$ 5,134,394 2,567,197 HK$ 37.8797 63.9864
HSBC ordinary shares issued in $ 907,523 453,762 US$ 4.8876 8.2094
HSBC ordinary shares issued in € 376,331 188,166 €3.6361 6.0657
Options over HSBC ordinary shares lapsed 23,100,327 11,550,164
Options over HSBC ordinary shares granted in response to
approximately 28,000 applications from HSBC employees in the
UK on 22 September 2015 52,629,208
HSBC International Employee Share Purchase Plan 39,763 19,882 £4.8740 6.2590
Plan d’Epargne
HSBC ordinary shares issued for the benefit of non-UK resident
employees of HSBC France and its subsidiaries 1,497,450 748,725 € 7.4221
HSBC share plans
HSBC Holdings
ordinary shares
Aggregate
nominal value Market value per share
issued $from (£) to (£)
Vesting of awards under the HSBC Share Plan and
HSBC Share Plan 2011 68,608,884 34,304,442 4.8555 6.4110
Authorities to allot and to purchase shares and pre-emption rights
At the AGM in 2015, shareholders renewed the general authority for the Directors to allot new shares up to 12,823,397,868
ordinary shares, 15,000,000 non-cumulative preference shares of £0.01 each, 15,000,000 non-cumulative preference shares of
$0.01 each and 15,000,000 non-cumulative preference shares of €0.01 each. Within this, the Directors have authority to allot
up to a maximum of 961,754,840 ordinary shares wholly for cash to persons other than existing shareholders. Shareholders
also renewed the authority for the Directors to make market purchases of up to 1,923,509,680 ordinary shares. The Directors
have not exercised this authority.
In addition, shareholders gave authority for the Directors to grant rights to subscribe for, or to convert any security into,
no more than 3,627,000,000 ordinary shares in relation to any issue by HSBC Holdings or any member of the Group of
contingent convertible securities that automatically convert into or are exchanged for ordinary shares in HSBC Holdings in
prescribed circumstances. Further details about the issue of contingent convertible securities may be found in Note 35 on the
Financial Statements.
Other than as disclosed in the table above headed ‘Share capital changes in 2015’, the Directors did not allot any shares
during 2015.
Treasury shares
In accordance with the terms of a waiver granted by the Hong Kong Stock Exchange on 19 December 2005, HSBC Holdings
will comply with the applicable law and regulation in the UK in relation to the holding of any shares in treasury and with the
conditions of the waiver in connection with any shares it may hold in treasury. Pursuant to Chapter 6 of the UK Companies Act
2006, no shares are currently held in treasury.
Directors’ interests
Pursuant to the requirements of the UK Listing Rules and according to the register of Directors’ interests maintained by HSBC
Holdings pursuant to section 352 of the Securities and Futures Ordinance of Hong Kong, the Directors of HSBC Holdings at
31 December 2015 had interests, all beneficial unless otherwise stated, in the shares or debentures of HSBC Holdings and its
associated corporations as tabulated overleaf.
Irene Lee and Pauline van der Meer Mohr did not hold any shares or debentures of HSBC Holdings plc or its associated
corporations during the year.
No Directors held any short position as defined in the Securities and Futures Ordinance of Hong Kong in the shares or
debentures of HSBC Holdings and its associated corporations. Save as stated above, none of the Directors had an interest in
any shares or debentures of HSBC Holdings or any associated corporation at the beginning or at the end of the year, and none
of the Directors or their connected persons were awarded or exercised any right to subscribe for any shares or debentures in
any HSBC corporation during the year.