TIDMMKS
RNS Number : 7064R
Marks and Spencer Group PLC
07 July 2022
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 5
July 2022 it was notified of the following transactions in the
Company's Ordinary 1p shares undertaken by directors / persons
discharging managerial responsibility ('PDMRs').
1. Performance Share Plan Award 2022/23
The Performance Share Plan ('PSP') continues to be the Company's
primary long-term incentive plan for executives. As a result,
awards under the PSP were made on 5 July 2022 to five PDMRs of the
Company.
These awards were granted as conditional shares, the vesting of
which is subject to the continued employment of the participant and
satisfaction of certain performance conditions, as disclosed in the
Company's 2022 Annual Report published on 7 June 2022.
Specifically, the vesting of the award will depend on relative
Total Shareholder Return (TSR), the Company's Earnings Per Share
(EPS), Return on Capital Employed (ROCE) and strategic measures
over a fixed three-year performance period starting on the first
day of the financial year in which the award was granted.
On vesting, the award is subject to an additional, mandatory
two-year holding period, making a total period of five years post
grant. The value of dividends accrued, in the form of dividend
equivalents, will be paid at the end of the period (third
anniversary) based on the number of vested shares. No consideration
was paid for the grant of the award. For the purposes of this
award, the five-day average share price immediately preceding the
date of grant of GBP1.3961 was used.
2. Deferred Share Bonus Plan Award 2021/22
As reported within the Company's 2022 Annual Report, a bonus is
being paid to all eligible colleagues under the Company's Annual
Bonus Scheme for 2021/22. Individuals were required to defer 50% of
their bonus earned into shares under the Marks and Spencer Group
Deferred Share Bonus Plan ('DSBP'). As a result, awards under the
DSBP were made to the same five PDMRs of the Company on 5 July
2022.
These awards were granted as conditional share awards vesting
three years from the date of grant. The value of dividends accrued,
in the form of dividend equivalents, will be paid at the point of
vesting. No consideration was paid for the grant of the award. For
the purposes of this award, the five-day average share price
immediately preceding the date of grant of GBP1.3961 was used.
PDMR PSP Shares DSBP Shares
granted granted
Stuart Machin 1,432,562 401,900
----------- ------------
Katie Bickerstaffe 1,343,027 393,439
----------- ------------
Eoin Tonge 1,181,863 412,363
----------- ------------
Richard Price 831,960 293,266
----------- ------------
Sacha Berendji 673,304 234,814
----------- ------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the UK Market
Abuse Regulations.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name S Machin
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Chief Executive Officer)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Marks and Spencer Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800EJP14A79ZG1X44
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary 1p shares
instrument
Identification code ISIN: GB0031274896
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Award of conditional shares pursuant to the Marks
and Spencer Group Performance Share Plan
2. Award of conditional shares pursuant to the Marks
and Spencer Group Deferred Share Bonus
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. PSP Price(s) Volume(s)
Nil-cost 1,432,562
----------
2. DSBP Price(s) Volume(s)
Nil-cost 401,900
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. PSP Price(s) Volume(s) Total
Nil-cost 1,432,562 GBP0.00
- Price ---------- -------
2. DSBP Price(s) Volume(s) Total
Nil-cost 401,900 GBP0.00
---------- -------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2022-07-05
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of conditional shares occurred outside a trading
venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name K Bickerstaffe
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Co-Chief Executive)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Marks and Spencer Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800EJP14A79ZG1X44
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary 1p shares
instrument
Identification code ISIN: GB0031274896
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Award of conditional shares pursuant to the Marks
and Spencer Group Performance Share Plan
2. Award of conditional shares pursuant to the Marks
and Spencer Group Deferred Share Bonus
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. PSP Price(s) Volume(s)
Nil-cost 1,343,027
----------
2. DSBP Price(s) Volume(s)
Nil-cost 393,439
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. PSP Price(s) Volume(s) Total
Nil-cost 1,343,027 GBP0.00
- Price ---------- -------
2. DSBP Price(s) Volume(s) Total
Nil-cost 393,439 GBP0.00
---------- -------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2022-07-05
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of conditional shares occurred outside a trading
venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name E Tonge
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Group CFO & Chief Strategy Officer)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Marks and Spencer Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800EJP14A79ZG1X44
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary 1p shares
instrument
Identification code ISIN: GB0031274896
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Award of conditional shares pursuant to the Marks
and Spencer Group Performance Share Plan
2. Award of conditional shares pursuant to the Marks
and Spencer Group Deferred Share Bonus
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. PSP Price(s) Volume(s)
Nil-cost 1,181,863
----------
2. DSBP Price(s) Volume(s)
Nil-cost 412,363
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. PSP Price(s) Volume(s) Total
Nil-cost 1,181,863 GBP0.00
- Price ---------- -------
2. DSBP Price(s) Volume(s) Total
Nil-cost 412,363 GBP0.00
---------- -------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2022-07-05
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of conditional shares occurred outside a trading
venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name R Price
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Managing Director, Clothing & Home)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Marks and Spencer Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800EJP14A79ZG1X44
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary 1p shares
instrument
Identification code ISIN: GB0031274896
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Award of conditional shares pursuant to the Marks
and Spencer Group Performance Share Plan
2. Award of conditional shares pursuant to the Marks
and Spencer Group Deferred Share Bonus
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. PSP Price(s) Volume(s)
Nil-cost 831,960
----------
2. DSBP Price(s) Volume(s)
Nil-cost 293,266
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. PSP Price(s) Volume(s) Total
Nil-cost 831,960 GBP0.00
- Price ---------- -------
2. DSBP Price(s) Volume(s) Total
Nil-cost 293,266 GBP0.00
---------- -------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2022-07-05
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of conditional shares occurred outside a trading
venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name S Berendji
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Group Property, Store Development and Technology
Director)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Marks and Spencer Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800EJP14A79ZG1X44
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary 1p shares
instrument
Identification code ISIN: GB0031274896
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Award of conditional shares pursuant to the Marks
and Spencer Group Performance Share Plan
2. Award of conditional shares pursuant to the Marks
and Spencer Group Deferred Share Bonus
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. PSP Price(s) Volume(s)
Nil-cost 673,304
----------
2. DSBP Price(s) Volume(s)
Nil-cost 234,814
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. PSP Price(s) Volume(s) Total
Nil-cost 673,304 GBP0.00
- Price ---------- -------
2. DSBP Price(s) Volume(s) Total
Nil-cost 234,814 GBP0.00
---------- -------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2022-07-05
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of conditional shares occurred outside a trading
venue
-------------------------------------------------------- -------------------------------------------------------
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END
DSHBBGDRIDGDGDR
(END) Dow Jones Newswires
July 07, 2022 07:31 ET (11:31 GMT)
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