HSBC Bank PLC
06 November 2003
Date of notification : 6 November 2003
NOTIFICATION OF DIRECTORS' SHARE INTERESTS IN HSBC BANK PLC
Interests in shares of HSBC Holdings plc ('the Company') arising under sections
324 and 328 of the Companies Act 1985.
Following the acquisition of CCF S.A. ('CCF') by HSBC Holdings plc, outstanding
options over CCF shares granted (for nil consideration) have vested. On exercise
of the options, the CCF shares issued are exchangeable for ordinary shares in
HSBC Holdings plc (HSBC shares) in the same ratio as for the acquisition of CCF
- 13 HSBC for 1 CCF share. The HSBC shares are to be provided through the HSBC
Employee Benefit Trust 2001 (No.1) (the Trust), the Trustee of which is HSBC
Trustee (C.I.) Limited.
Mr C-H Filippi, a director of HSBC Bank plc, currently holds options over 66,000
CCF shares which he is obliged, upon exercise, to exchange for 858,000 (66,000 x
13) HSBC shares.
As a beneficiary of the Trust, Mr Filippi also has a technical interest in all
of the HSBC shares held by the Trust (including the HSBC shares which correspond
to his option over CCF shares enumerated above) as follows:
HSBC Holdings plc - Ordinary Shares US$0.50 each
Date of transaction Nature of transaction by the Trust Consideration
Transfer by Trust of:
6 November 2003 26,000 HSBC shares to an individual exercising options over 13 HSBC shares
2,000 CCF shares for each CCF share
At 6 November 2003 the Trust held a total of 33,554,873 HSBC shares.
Nicola Black, Assistant Secretary
020 7991 2652
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