Summary by Moomoo AI
HSBC Holdings Limited issued a total of 1,400,210 shares of ordinary shares on 8 May 2024 to directors, employees and former employees under the 2011 HSBC Share Plan 2011. Directors Kai Yiu Nian and Ai Qiu Chi were granted 42,146 shares and 26,899 shares respectively, each at a purchase price of £1 and subject to a grace period. Other employees and former employees were granted a total of 1,331,165 shares. The actual grant period may be up to seven years and may be limited to a six- or 12-month non-sale period. The award is not subject to performance conditions and complies with UK regulatory requirements. HSBC Holdings said the move was designed to comply with the relevant remuneration regulatory requirements and comply with the company's internal withdrawal policy.