Marks and Spencer Group PLC Director/PDMR Shareholding (1793Q)
June 24 2022 - 9:30AM
UK Regulatory
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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