(i) Acquisition of an interest in 211,668 shares arising from a conditional award of shares under the Group Performance Share Plan being the long-term incentive plan of the HSBC Share Plan 2011. (ii) Acquisition of an interest in 194,379 shares arising from a deferred award of Restricted Shares under the HSBC Share Plan 2011. (iii) Acquisition of an interest in 129,586 shares arising from a non-deferred award of Restricted Shares under the HSBC Share Plan 2011. The Trustees of the Plan sold 44,708 shares to meet the tax liability arising on the immediate vesting of this award. The interest in the balance of 84,878 shares has been transferred to S Assaf as beneficial owner and must be retained for six months. (iv) Release by the Trustees of 168,526 ordinary shares upon the partial vesting of Restricted Shares awarded previously to S Assaf. The Trustees of the Plan sold a total of 113,334 shares including 58,142 to meet the tax liability. 55,192 shares have been transferred to S Assaf as beneficial owner and must be retained for six months. |
