Director/PDMR Shareholding

RNS Number : 3202R

Marks & Spencer Group PLC

08 December 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').

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 Cumulative Free Cash Flow 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 £3.28.

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

Name of Participant	Share Price (£)	Form of Award (Nil Cost Option/Conditional Award)	Vesting Date	Maximum Number of Options / Shares
S Rowe	3.28	Nil Cost Option	05.12.2019	555,640
P Bousquet-Chavanne	3.28	Conditional Award	05.12.2019	374,542
H Weir	3.28	Nil Cost Option	05.12.2019	404,725
A Adcock	3.28	Nil Cost Option	05.12.2019	310,975
S Berendji	3.28	Nil Cost Option	05.12.2019	218,536
P Friston	3.28	Nil Cost Option	05.12.2019	218,536
D Fry	3.28	Nil Cost Option	05.12.2019	192,707
D Guise	3.28	Nil Cost Option	05.12.2019	268,292
J Jenkins	3.28	Nil Cost Option	05.12.2019	323,500
A Mellor	3.28	Nil Cost Option	05.12.2019	237,804

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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 555,640
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 374,542
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 404,725
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 310,975
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 218,536
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 218,536
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 192,707
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 268,292
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 323,500
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
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	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 Performance Share Plan Award
c)	Price(s) and volume(s)	Allotment Price(s) Maximum Number of Options / Shares 3.28 237,804
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2016-12-05
f)	Place of the transaction	Grant of the options occurred outside a trading venue

 

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