Director/PDMR Shareholding

RNS Number : 8908G

Marks & Spencer Group PLC

12 June 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

JOHN DIXON
STEVEN SHARP
STEVE ROWE
LAURA WADE-GERY

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

SARAH DIXON - CONNECTED PERSON TO JOHN DIXON

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

SEE 9 BELOW

8. State the nature of the transaction

JOHN DIXON
 - EXERCISE OF 223,054 OPTIONS (WHICH VESTED ON 9 JUNE 2013) FROM THE 2010 DEFERRED SHARE BONUS PLAN (DSBP) AWARD, AND SUBSEQUENT SALE TO COVER TAX AND NI LIABILITY

 - EXERCISE OF 9,149 OPTIONS FROM THE 2009 PERFORMANCE SHARE PLAN (PSP) AWARD  (WHICH VESTED ON 24 NOVEMBER 2012), AND SUBSEQUENT SALE OF SHARES TO COVER TAX AND NI LIABILITY

 - EXERCISE OF 25,935 EXECUTIVE SHARE OPTIONS (ESO), AWARDED IN JULY 2004 AND SUBSEQUENT SALE OF SHARES TO COVER THE COST OF THE OPTION (£3.47 PER SHARE) THE TAX AND THE NI LIABILITY

 - SARAH DIXON (CONNECTED PARTY) - SALE OF 6,445 ORDINARY SHARES

STEVEN SHARP
 - EXERCISE OF 267,291 OPTIONS (WHICH VESTED ON 9 JUNE 2013) FROM THE 2010 DEFERRED SHARE BONUS PLAN (DSBP) AWARD, AND SUBSEQUENT SALE TO COVER TAX AND NI LIABILITY

STEVE ROWE
- EXERCISE OF 76,934 OPTIONS (WHICH VESTED ON 9 JUNE 2013) FROM THE 2010 DEFERRED SHARE BONUS PLAN (DSBP) AWARD, AND SUBSEQUENT SALE TO COVER TAX AND NI LIABILITY

LAURA WADE-GERY
- EXERCISE OF 119,751 SHARES FROM THE RESTRICTED SHARE PLAN (RSP) AWARD (WHICH VESTED ON 25 JULY 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 FOLLOWING TRANSACTION
JOHN DIXON	DSBP	223,054	105,204	442.15p	276,399
	PSP	9,149	4,315	442.15p
	ESO	25,935	22,182	442.15p
	CONNECTED PARTY	-	6,445	443.74p
STEVEN SHARP	DSBP	267,291	126,070	443.36p	540,781
STEVE ROWE	DSBP	76,934	36,288	442.15p	226,572
LAURA WADE-GERY	RSP	119,751	56,482	445.24p	118,324

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

LONDON, TUESDAY 11 JUNE 2013

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

WEDNESDAY 12 JUNE 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

LAURA WADE-GERY - RSP EXERCISE - THIS AWARD WAS MADE IN CONNECTION WITH LAURA'S APPOINTMENT AS EXECUTIVE DIRECTOR, MULTI-CHANNEL E-COMMERCE, TO COMPENSATE HER FOR INCENTIVE AWARDS THAT WERE FORFEITED ON CESSATION OF HER ROLE WITH HER PREVIOUS EMPLOYER.

24. Name of contact and telephone number for queries

ANTHONY CLARKE

020 8718 9940

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

ANTHONY CLARKE

Date of notification

12 JUNE 2013

END

 

END

 

 

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