TIDMMKS

RNS Number : 1793Q

Marks and Spencer Group PLC

24 June 2022

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 24 June 2022 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 as follows:

1. Vesting 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. Vesting 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 vested      Shares sold     Shares retained 
             on 24 June 2022    to cover tax    by individual 
                                and NI 
 E Tonge        526,168           256,760          269,408 
           -----------------  --------------  ---------------- 
 R Price        136,608           66,663           69,945 
           -----------------  --------------  ---------------- 
 

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

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      E Tonge 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR (Group CFO & Chief Strategy 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 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 526,168 shares awarded under the 
                                                                Restricted Share Plan. 
                                                                2. Subsequent sale of 256,760 shares acquired under 
                                                                the RSP award to cover the tax and NI 
                                                                liability, with 269,408 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     526,168 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)     Volume(s) 
                                                                  GBP1.3726    256,760 
                                                                              ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    526,168    GBP5,261.68 
        -   Price                                                           ----------  ----------- 
 
                                                                 2. Sale Price(s)    Volume(s)  Total 
                                                                  GBP1.3726   256,760    GBP352,428.78 
                                                                             ----------  ------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2022-06-24 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 1p shares 
      instrument 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 136,608 shares awarded under the 
                                                                Restricted Share Plan. 
                                                                2. Subsequent sale of 66,663 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 69,945 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     136,608 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)     Volume(s) 
                                                                  GBP1.3726    66,663 
                                                                              ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    136,608    GBP1,366.08 
        -   Price                                                           ----------  ----------- 
 
                                                                 2. Sale Price(s)    Volume(s)  Total 
                                                                  GBP1.3726   66,663     GBP91,501.63 
                                                                             ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2022-06-24 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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June 24, 2022 10:30 ET (14:30 GMT)

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