Marks & Spencer Group PLC Director/PDMR Shareholding (6276X)
November 27 2017 - 8:41AM
UK Regulatory
TIDMMKS
RNS Number : 6276X
Marks & Spencer Group PLC
27 November 2017
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that it
has been notified of the following transactions in the Company's
Ordinary 25p shares undertaken by directors / persons discharging
managerial responsibility ('PDMRs').
Sharesave
On 23 November 2017, under the terms of the Marks and Spencer
Group plc Sharesave scheme, the following directors/PDMRs were
granted options to buy ordinary shares in the Company ("Shares") at
an option price of GBP2.61 per share.
Name Savings Number of
Term shares over
which option
granted at
GBP2.61
--------------------------- --------- --------------
Patrick Bousquet-Chavanne 3 years 3,448
--------------------------- --------- --------------
David Guise 3 years 3,448
--------------------------- --------- --------------
Amanda Mellor 3 years 3,448
--------------------------- --------- --------------
Please note: The Sharesave scheme is an all-employee, HMRC
approved Save As You Earn Scheme. Marks and Spencer employees can
save an amount up to a maximum of GBP250 per month, either in one
scheme or across a number of schemes, over a period of three years.
At the end of the period the amount saved can be used to buy Shares
at a price set at the start of the relevant scheme saving period.
Employees can withdraw their participation at any time and have
their money returned to them. The options to buy Shares are
normally exercisable for 6 months from the end of the savings
term.
Performance Share Plan Award 2017/18
As reported within the Company's Annual Report on 8 June 2017,
the Performance Share Plan ('PSP') continues to be Marks &
Spencer's primary long-term incentive plan for executives. As a
result, it was confirmed on 27 November 2017 that, on 24 November
2017, an award under the PSP was made to Jill McDonald, Managing
Director, Clothing, Home and Beauty.
The award was granted as a conditional award, the vesting of
which is subject to the satisfaction of certain predetermined
performance conditions, as well as the continued employment of the
participant. Specifically, the vesting of the award will depend on
relative Total Shareholder Return (TSR) the Company's Earnings Per
Share (EPS) and Return On Capital Employed (ROCE) 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. 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 and no price is payable on the
exercise of the award. For the purposes of this award, the grant
was made at a share price of GBP2.999.
Restricted Share Plan
It was confirmed on 27 November 2017 that, on 24 November 2017,
awards were made under the Marks and Spencer Group Restricted Share
Plan to Jill McDonald. The grant of the awards was agreed as part
of Jill's recruitment as Managing Director, Clothing, Home and
Beauty of the Company and is intended to compensate her for the
share incentives she forfeited under her previous employment as a
result of joining the Company. These awards were granted as
conditional shares at a share price of GBP2.999 and will vest in
four tranches over three years following the date of grant, subject
to Jill's continued employment with the Company. The value of
dividends accrued, in the form of dividend equivalents, will be
paid at the end of the relevant restricted period.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name P Bousquet-Chavanne
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Executive Director, Customer, Marketing and
M&S.com)
--- -------------------------------------------------------- -------------------------------------------------------
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 25p shares
instrument
Identification code ISIN: GB0031274896
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer
Group plc Sharesave Scheme
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Maximum Number of Options / Shares
---------- -----------------------------------
GBP2.61 3,448
---------- -----------------------------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-11-23
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name D Guise
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (HR 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 25p shares
instrument
Identification code ISIN: GB0031274896
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer
Group plc Sharesave Scheme
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Maximum Number of Options / Shares
---------- -----------------------------------
GBP2.61 3,448
---------- -----------------------------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-11-23
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name A Mellor
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Group Secretary and Head of Corporate
Governance)
--- -------------------------------------------------------- -------------------------------------------------------
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 25p shares
instrument
Identification code ISIN: GB0031274896
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer
Group plc Sharesave Scheme
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Maximum Number of Options / Shares
---------- -----------------------------------
GBP2.61 3,448
---------- -----------------------------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-11-23
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name J McDonald
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Managing Director, Clothing, Home and Beauty)
--- -------------------------------------------------------- -------------------------------------------------------
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 25p shares
instrument
Identification code ISIN: GB0031274896
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Awards pursuant to the Marks and Spencer Group plc
Performance Share Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Maximum Number of Options / Shares
---------- -----------------------------------
GBP2.999 328,109
---------- -----------------------------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-11-24
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant occurred outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name J McDonald
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Managing Director, Clothing, Home and Beauty)
--- -------------------------------------------------------- -------------------------------------------------------
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 25p shares
instrument
Identification code ISIN: GB0031274896
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Awards pursuant to the Marks and Spencer Group plc
Restricted Share Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Maximum Number of Options / Shares
---------- -----------------------------------
GBP2.999 427,506
---------- -----------------------------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-11-24
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant occurred outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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