Director/PDMR Shareholding

RNS Number : 8277W

Marks & Spencer Group PLC

25 November 2010

Marks and Spencer Group Plc Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Sharesave

On 25 November 2010, under the terms of the Marks and Spencer Group plc Sharesave scheme, the following director/PDMR was granted options to buy ordinary shares in the Company ("Shares") at an option price of £3.19 per share.

Name

Savings Term

Number of Shares over which option granted at

£3.19

Total number of Shares held under the Sharesave Scheme options

Marc Bolland

3 years

2,821

Please note: TheSharesave scheme is an all employee HMRC approved Save As You Earn Scheme. Employees can save an amount up to a maximum of £250 per month, either in one scheme or across a number of schemes, over a period of three, five or seven years. At the end of the period the amount saved can be used to buy Shares at a price set at the start of the relevant scheme saving period. Employees can withdraw their participation at any time and have their money returned to them. The options to buy Shares are normally exercisable for 6 months from the end of the savings term.

2. Performance Share Plan
It was confirmed on 25 November 2010 that on 24 November 2010 the following award under the Marks and Spencer Group Performance Share Plan was made to the following director/PDMR of the Company:

Name	Allocation of Performance Shares (see Note below)
Alan Stewart	144,432

Note: This award was granted as a nil cost option, where a participant will normally be entitled to exercise their award and receive free Shares between the third and tenth anniversary of grant, subject to the extent to which performance conditions have been satisfied and their continuing employment. The vesting of the award will depend on the Company's adjusted earnings per share ("EPS") performance over a fixed three-year performance period starting on the first day of the financial year in which the award was granted. The value of dividends accrued, in the form of dividend equivalents, will be paid following the third anniversary of grant based on the number of vested Shares. No consideration was paid for the grant of the award. No price is payable on the exercise of the award.

For the purposes of this award, the grant was made at a Share price of 380.8p.

3. Other Awards

It was confirmed on 25 November 2010 that on 24 November 2010 Alan Stewart received an award over Shares as detailed below. The entitlement to Shares and the grant of the award was agreed as part of the recruitment of Alan Stewart as Chief Finance Officer of the Company.

Restricted Share Plan Award

An award of 78,781 Restricted Shares to vest in two tranches of 39,390 and 39,391 on 24 November 2011 and 23 November 2012 respectively, subject to continuing employment until the relevant vesting date. The value of dividends accrued, in the form of dividend equivalents will be paid at the end of the vesting periods. The award was granted in the form of a nil cost option so that Alan Stewart will normally be entitled to exercise his award and receive free Shares between the relevant vesting dates and the tenth anniversary of grant subject to continuing employment. No consideration was paid for the grant of the award. No price is payable on the exercise of the award.

For the purposes of the award, the grant was made at a Share price of 380.8p.

The award over Shares by way of an agreement made under Listing Rule 9.4.2(2).

4. Shareholdings of Directors/PDMRs