Director/PDMR Shareholding

RNS Number : 0367O

Marks & Spencer Group PLC

15 August 2017

 

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').

Performance Share Plan Award 2017/18
As reported within the Annual Report on 8 June 2017, the Performance Share Plan ('PSP') continues to be Marks & Spencer's primary long-term incentive plan for executives.  As a result, it was confirmed on 15 August 2017 that, on 14 August 2017, the following awards under the PSP were made to the PDMRs of the Company.

These awards were granted as conditional awards, the vesting of which is subject to the satisfaction of certain predetermined performance conditions, as well as the continued employment of the participants. Specifically, the vesting of the awards will depend on relative Total Shareholder Return (TSR) the Company's Earnings Per Share (EPS) and Return On Capital Employed (ROCE) over a fixed three-year performance period starting on the first day of the financial year in which the awards were granted. On vesting, the awards are subject to an additional, mandatory two-year holding period. The value of dividends accrued, in the form of dividend equivalents, will be paid at the end of the period (third anniversary) based on the number of vested shares. No consideration was paid for the grant of the awards and no price is payable on the exercise of the awards. For the purposes of these awards, the grant was made at a share price of £3.297.

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	S 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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 614,194
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	P Bousquet-Chavanne
2	Reason for the notification
a)	Position/status	PDMR (Executive Director, Customer, Marketing & M&S.com)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 414,012
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	H 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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 447,376
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	A Adcock
2	Reason for the notification
a)	Position/status	PDMR (Food Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 309,372
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	S Berendji
2	Reason for the notification
a)	Position/status	PDMR (Retail Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 217,409
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	P Friston
2	Reason for the notification
a)	Position/status	PDMR (International Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 217,409
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	D Fry
2	Reason for the notification
a)	Position/status	PDMR (Communications & Investor Relations Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 143,785
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	D Guise
2	Reason for the notification
a)	Position/status	PDMR (HR Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 266,909
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	J Jenkins
2	Reason for the notification
a)	Position/status	PDMR (Womenswear, Lingerie & Beauty Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 333,636
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	A Mellor
2	Reason for the notification
a)	Position/status	PDMR (Group Secretary)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 177,434
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
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	M Smith
2	Reason for the notification
a)	Position/status	PDMR (Strategy Director)
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	213800EJP14A79ZG1X44
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 Performance Share Plan
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.297 242,644
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2017-08-14
f)	Place of the transaction	Grant of the options occurred outside a trading venue

 

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