Director/PDMR Shareholding

RNS Number : 5908F

Marks & Spencer Group PLC

24 May 2013

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

MARKS AND SPENCER GROUP PLC

2. State whether the notification relates to

(i) a transaction notified in accordance with DTR 3.1.4R(1)(a); or

(ii) DTR 3.1.4(R)(1)(b) a disclosure made in accordance with section 793 of the Companies Act 2006; or

(iii) both (i) and (ii)

DISCLOSURE RELATES TO POINT (i)

3. Name of person discharging managerial responsibilities/director

MARC BOLLAND & ALAN STEWART

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

DISCLOSURE RELATES TO POINT 3

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY 25p SHARES

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8. State the nature of the transaction

MARC BOLLAND: EXERCISE OF RESTRICTED SHARE PLAN (RSP) AWARD (WHICH VESTED ON 5 DECEMBER 2011 AND 8 JUNE 2012) AND 2009 PERFORMANCE SHARE PLAN (PSP) AWARD (WHICH VESTED ON 11 JUNE 2012), AND SUBSEQUENT SALE OF SHARES TO COVER TAX AND NI LIABILITY

ALAN STEWART: EXERCISE OF RESTRICTED SHARE PLAN (RSP) AWARD (WHICH VESTED ON 24 NOVEMBER 2011 AND 23 NOVEMBER 2012) AND SUBSEQUENT SALE OF SHARES TO COVER TAX AND NI LIABILITY

(SEE NO. 23 FOR ADDITIONAL INFORMATION)

9. Number of shares, debentures or financial instruments relating to shares acquired

NAME	AWARD TYPE	NO. OF OPTIONS EXERCISED	NUMBER OF SHARES SOLD	PRICE	TOTAL SHAREHOLDING
MARC BOLLAND	RSP	293,083	138,234	475.03p	495,290
	PSP	365,310	172,299	475.03p
ALAN STEWART	RSP	78,781	37,159	479.0p	51,622

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

DE MINIMIS

11. Number of shares, debentures or financial instruments relating to shares disposed

SEE 9 ABOVE

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

DE MINIMIS

13. Price per share or value of transaction

SEE 9 ABOVE

14. Date and place of transaction

MARC BOLLAND 24 MAY 2013, LONDON

ALAN STEWART 22 MAY 2013, LONDON

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

SEE 9 ABOVE

16. Date issuer informed of transaction

24 MAY 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

………………………………

18. Period during which or date on which it can be exercised

………………………………

19. Total amount paid (if any) for grant of the option

………………………………

20. Description of shares or debentures involved (class and number)

………………………………

………………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

………………………………

22. Total number of shares or debentures over which options held following notification

………………………………

23. Any additional information

THESE AWARDS WERE MADE IN CONNECTION WITH MARC BOLLAND'S APPOINTMENT AS CHIEF EXECUTIVE OFFICER, AND ALAN STEWART'S APPOINTMENT AS CHIEF FINANCIAL OFFICER, TO COMPENSATE THEM FOR INCENTIVE AWARDS THAT WERE FORFEITED ON CESSATION OF THEIR ROLES WITH THEIR PREVIOUS EMPLOYERS.

24. Name of contact and telephone number for queries

PAUL ROLLING

020 8718 1969

Name and signature of duly authorised officer of issuer responsible for making notification

PAUL ROLLING

Date of notification

24 MAY 2013

END

 

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