Marks & Spencer Group PLC Director/PDMR Shareholding (6569G)
July 27 2021 - 10:30AM
UK Regulatory
TIDMMKS
RNS Number : 6569G
Marks & Spencer Group PLC
27 July 2021
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 27
July 2021 it was notified of the following transactions in the
Company's Ordinary 1p shares undertaken by directors / persons
discharging managerial responsibility ('PDMRs'):
Restricted Share Plan
Vesting and release of awards granted on 27 July 2018 to three
PDMRs 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 awards made on 27 July 2018, as announced at the time, were
granted as conditional shares vesting on the third anniversary of
the date of grant, subject to continued employment with the
Company, and with the value of dividends accruing to be paid at the
end of the period in the form of dividend equivalent shares. The
awards are subject to an additional post-vest two-year holding
period and the Company requires all three PDMRs to have an equity
position equivalent to 100% of salary.
PDMR Shares vested Shares sold Shares retained
on 27 July 2021 to cover tax by individual
and NI
S Machin 108,662 51,658 57,004
----------------- -------------- ----------------
S Berendji 76,062 36,160 39,902
----------------- -------------- ----------------
P Friston 64,906 30,857 34,049
----------------- -------------- ----------------
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 Machin
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Chief Operating 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 ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Vesting of 108,662 shares awarded under the
Restricted Share Plan.
2. Subsequent sale of 51,658 shares acquired under the
RSP award to cover the tax and NI liability,
with 57,004 shares retained.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. Vesting Price(s) Volume(s)
GBP0.01 108,662
----------
2. Sale Price(s) Volume(s)
GBP1.4215 51,658
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Vesting Price(s) Volume(s) Total
GBP0.01 108,662 GBP1,086.62
- Price ---------- -----------
2. Sale Price(s) Volume(s) Total
GBP1.4215 51,658 GBP73,431.85
---------- ------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-07-27
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name S Berendji
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Property, Store Development & IT 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 ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Vesting of 76,062 shares awarded under the
Restricted Share Plan.
2. Subsequent sale of 36,160 shares acquired under the
RSP award to cover the tax and NI liability,
with 39,902 shares retained.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. Vesting Price(s) Volume(s)
GBP0.01 76,062
----------
2. Sale Price(s) Volume(s)
GBP1.4215 36,160
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Vesting Price(s) Volume(s) Total
GBP0.01 76,062 GBP760.62
- Price ---------- ---------
2. Sale Price(s) Volume(s) Total
GBP1.4215 36,160 GBP51,401.44
---------- ------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-07-27
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------------------------------------------------- -------------------------------------------------------
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 1p shares
instrument ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Vesting of 64,906 shares awarded under the
Restricted Share Plan.
2. Subsequent sale of 30,857 shares acquired under the
RSP award to cover the tax and NI liability,
with 34,049 shares retained.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. Vesting Price(s) Volume(s)
GBP0.01 64,906
----------
2. Sale Price(s) Volume(s)
GBP1.4215 30,857
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Vesting Price(s) Volume(s) Total
GBP0.01 64,906 GBP649.06
- Price ---------- ---------
2. Sale Price(s) Volume(s) Total
GBP1.4215 30,857 GBP43,863.23
---------- ------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2021-07-27
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------------------------------------------------- -------------------------------------------------------
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