Marks & Spencer Group PLC Director/PDMR Shareholding (0127U)
March 31 2021 - 05:00AM
UK Regulatory
TIDMMKS
RNS Number : 0127U
Marks & Spencer Group PLC
31 March 2021
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 30
March 2021 it was notified of the following transactions in the
Company's Ordinary 25p shares undertaken by directors / persons
discharging managerial responsibility ('PDMRs'):
Restricted Share Plan
Awards have been made under the Marks and Spencer Group
Restricted Share Plan to three PDMRs of the Company. These awards
have been granted as conditional shares and will vest on 22 June
2022, subject to continued employment with the Company. The value
of any dividends accrued, in the form of dividend equivalents, will
be paid on the vesting date based on the number of vested shares.
No consideration was paid for the grant of the awards and no
consideration is payable on exercise of the awards. For the
purposes of these awards, the five-day average share price
immediately preceding the date of grant of GBP1.5086 was used.
The Company requires each of the PDMRs in receipt of this award
to have an equity position equivalent to 100% of salary within 5
years of appointment.
Name Conditional shares
granted
S Berendji 138,115
-------------------
P Friston 131,691
-------------------
S Machin 203,120
-------------------
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 S Berendji
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Retail, Operations & Property 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 ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Award of conditional shares pursuant to the Marks and
Spencer Group Restricted Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost 138,115
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
- Price
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-30
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant occurred outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name P Friston
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (International 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 ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Award of conditional shares pursuant to the Marks and
Spencer Group Restricted Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost 131,691
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
- Price
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-30
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant occurred outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name S Machin
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Managing Director, Food)
-------------------------------------------------------- -------------------------------------------------------
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 Award of conditional shares pursuant to the Marks and
Spencer Group Restricted Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost 203,120
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
- Price
------------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-03-30
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Grant occurred outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
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