Director/PDMR Shareholding

RNS Number : 0798U
Marks & Spencer Group PLC
24 July 2015
 



Marks and Spencer Group Plc (the 'Company') Notification of Transactions Of Directors/Persons Discharging Managerial Responsibility

 

1. Performance Share Plan
It was confirmed today that the following awards under the Marks and Spencer Group Performance Share Plan were made to PDMRs of the Company:

Directors

Allocation of Performance Shares

(See Note Below)

Marc Bolland

456,974

Helen Weir

276,527

Patrick Bousquet-Chavanne 1

255,905

Steve Rowe

260,826

Laura Wade-Gery

266,451

 

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 1. The vesting of the award will depend on the Company's Earnings Per Share (EPS), Return On Capital Employed (ROCE) and Revenue 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 at the end of period (third anniversary) 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 £5.334.

1 Patrick Bousquet-Chavanne's award is structured as conditional shares which vest on the third anniversary of grant.

 

3. Shareholdings of PDMRs

Directors

Total Holding of Ordinary Shares

Total Percentage Holding in the Company

Marc Bolland

683,929

De minimis

Patrick Bousquet-Chavanne

2,000

De minimis

Steve Rowe

188,535

De minimis

Laura Wade-Gery

172,955

De minimis

The above holdings are at 24 July 2015, being the date of this announcement, and include holdings for Connected Persons.

The above information has been disclosed under DTR 3.1.4.

 

For Queries please contact:

Corporate PR +44 (0)20 8718 1919

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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