TIDMMKS

RNS Number : 2985I

Marks & Spencer Group PLC

10 December 2020

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 10 December 2020 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by director / persons discharging managerial responsibility ('PDMRs'):

Restricted Share Plan

Exercise of awards as follows:

1. Exercise of an award granted on 6 July 2020 to Eoin Tonge under the Company's Restricted Share Plan ('RSP') (details of which were announced on 6 July 2020), and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.

Upon vesting, this award is subject to a two-year post-vesting holding period. The Company requires Eoin Tonge to have an equity position equivalent to 200% of salary within 5 years of appointment.

2. Exercise of an award granted on 3 July 2020 to Richard Price under the Company's Restricted Share Plan ('RSP'), and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.

The award made on 3 July 2020 was granted to compensate for loss of share awards and annual bonus that were forfeited upon Richard's resignation from his previous role with Tesco PLC, and vests in four tranches over three years. The Company requires Richard Price to have an equity position equivalent to 100% of salary within 5 years of appointment.

 
 PDMR       Shares exercised   Shares sold     Shares retained 
             on 10 December     to cover tax    by individual 
             2020               and NI 
 E Tonge        526,168           248,169          277,999 
           -----------------  --------------  ---------------- 
 R Price        182,143           85,909           96,234 
           -----------------  --------------  ---------------- 
 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

   1.    Restricted Share Plan 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      E Tonge 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR (Chief Financial 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 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Exercise of 526,168 shares from the Restricted 
                                                                Share Plan. 
                                                                2. Subsequent sale of 248,169 shares acquired under 
                                                                the RSP award to cover the tax and NI 
                                                                liability, with 277,999 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Exercise Price(s)    Volume(s) 
                                                                  Nil cost    526,168 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)      Volume(s) 
                                                                  GBP1.36619    248,169 
                                                                               ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Exercise Price(s)   Volume(s)  Total 
                                                                  Nil cost   526,168    GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)     Volume(s)  Total 
                                                                  GBP1.36619   248,169    GBP339,046.01 
                                                                              ----------  ------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-12-10 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 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 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Exercise of 182,143 shares from the Restricted 
                                                                Share Plan. 
                                                                2. Subsequent sale of 85,909 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 96,234 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Exercise Price(s)    Volume(s) 
                                                                  Nil cost    182,143 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)      Volume(s) 
                                                                  GBP1.36619    85,909 
                                                                               ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Exercise Price(s)   Volume(s)  Total 
                                                                  Nil cost   182,143    GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)     Volume(s)  Total 
                                                                  GBP1.36619   85,909     GBP117,368.02 
                                                                              ----------  ------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-12-10 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHDBLFFBLLZFBF

(END) Dow Jones Newswires

December 10, 2020 12:44 ET (17:44 GMT)