HSBC 2012 Annual Report Download - page 346

HSBC HOLDINGS PLC
Report of the Directors: Corporate Governance (continued)
Appendix > Other required disclosures > Supplier payment policy / Dividends and shareholders
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S T Gulliver ceased to have an interest as beneficial owner in one share of €5 in HSBC France (representing less than
0.01 per cent of the shares in issue), following his resignation as a director of that company on 22 November 2012.
S T Gulliver had waived his rights to receive dividends on the share and had undertaken to transfer the share to
HSBC on ceasing to be a director of HSBC France.
No Directors held any short position as defined in the Securities and Futures Ordinance of Hong Kong in the shares
and loan capital 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 members of their immediate families were awarded or exercised any right to
subscribe for any shares or debentures in any HSBC corporation during the year. Since the end of the year, the
aggregate interests of the following Director has increased by the number of HSBC Holdings ordinary shares shown
against his name:
HSBC Holdings ordinary shares
D J Flint (beneficial owner) .................................................................................................................................................... 351
1 The acquisition of shares in the HSBC Holdings UK Share Incentive Plan through regular monthly contributions.
Since the end of the year, the aggregate interests of the following Director have decreased by the number of
debentures shown against his name.
HSBC Capital Funding (Euro 2) L.P. 5.3687% Preferred Securities 2014 EUR000
R Fassbind (beneficial owner) ................................................................................................................................................ 500
There have been no other changes in the share and loan capital interests of the Directors from 31 December 2012 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 2012, non-executive Directors and senior management (being executive Directors and Group
Managing Directors of HSBC Holdings) held, in aggregate, beneficial interests in 14,450,028 HSBC Holdings
ordinary shares (0.08% of the issued ordinary shares).
At 31 December 2012, executive Directors and senior management held, in aggregate, options to subscribe for
357,509 of HSBC Holdings ordinary shares under the HSBC Holdings savings-related share option plans and HSBC
Holdings Group Share Option Plan. These options are exercisable between 2012 and 2016 at prices ranging from
£3.3116 to £7.2181 per ordinary share.
Supplier payment policy
HSBC has signed up to the Government’s Prompt Payment Code (further information on, and copies of, the Code
can be obtained by visiting www.promptpaymentcode.org.uk).
Our policy is to settle terms of payment with our suppliers when agreeing the terms of each transaction, to ensure that
those suppliers are made aware of the terms of payment and to abide by the terms of payment.
The amount due to trade creditors at 31 December 2012 represented 39 days’ average daily purchases of goods
and services received from such creditors, calculated in accordance with the Companies Act 2006, as amended by
Statutory Instrument 2008 No. 410. The average amount due to trade creditors during 2012 represented 28 days'
average daily purchases of goods and services received from such creditors.
Dividends and shareholders
Dividends for 2012
First, second and third interim dividends for 2012, each of US$0.09 per ordinary share, were paid on 5 July 2012,
4 October 2012 and 12 December 2012 respectively. Note 10 on the Financial Statements gives more information
on the dividends declared in 2012. On 4 March 2013, the Directors declared a fourth interim dividend for 2012 of
US$0.18 per ordinary share in lieu of a final dividend, which will be payable on 8 May 2013 in cash in US dollars,
or in sterling or Hong Kong dollars at exchange rates to be determined on 29 April 2013, with a scrip dividend
alternative. As the fourth interim dividend for 2012 was declared after 31 December 2012 it has not been included