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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