Director/PDMR Shareholding

RNS Number : 3433Q

Marks & Spencer Group PLC

28 November 2016

 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that it has been notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs').

On 24 November 2016, the following directors/PDMRs were granted options to buy ordinary shares in the Company ('shares') at an option price of £2.60 per share under the terms of the Marks and Spencer Group plc Sharesave scheme.

Name	Savings Term	Number of shares over which option granted at £2.60
Steve Rowe	3 years	3,461
Helen Weir	3 years	3,461
Andy Adcock	3 years	3,461
Sacha Berendji	3 years	3,461
Paul Friston	3 years	3,461
Dominic Fry	3 years	3,461

On 28 November 2016, the following directors/PDMRs acquired a further interest in the Company's shares as a result of their participation in the Company's all-employee Share Incentive Plan.

Name	Number of Partnership Shares Acquired	Partnership Share Price (£)
Andy Adcock	46	3.294
Paul Friston	46	3.294
Sacha Berendji	46	3.294

The following PDMRs cancelled options to purchase shares previously granted pursuant to the Marks and Spencer Group plc Sharesave scheme:

Name	Scheme	Number of options
Helen Weir	2015	2,083
Andy Adcock	2015	2,083
Paul Friston	2014	2,439
Sacha Berendji	2013	2,222

Please note: The Sharesave scheme is an all employee HMRC approved Save As You Earn Scheme.  Marks and Spencer 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 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.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Steve Rowe
2	Reason for the notification
a)	Position/status	PDMR (Chief Executive)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Helen Weir
2	Reason for the notification
a)	Position/status	PDMR (Chief Finance 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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andy Adcock
2	Reason for the notification
a)	Position/status	PDMR (Director of Food)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sacha Berendji
2	Reason for the notification
a)	Position/status	PDMR (Director of Retail)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Friston
2	Reason for the notification
a)	Position/status	PDMR (Director of International)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dominic Fry
2	Reason for the notification
a)	Position/status	PDMR (Director of Communications and Investor Relations)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.60  3,641
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-24
f)	Place of the transaction	Grant of the options occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andy Adcock
2	Reason for the notification
a)	Position/status	PDMR (Director of Food)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Acquisition of Partnership Shares through the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.294  46
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-28
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sacha Berendji
2	Reason for the notification
a)	Position/status	PDMR (Director of Retail)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Acquisition of Partnership Shares through the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.294  46
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-28
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Friston
2	Reason for the notification
a)	Position/status	PDMR (Director of International)
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	N/A
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 instrument Identification code	Ordinary 25p shares ISIN: GB0031274896
b)	Nature of the transaction	Acquisition of Partnership Shares through the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.294  46
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-11-28
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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