Director/PDMR Shareholding

RNS Number : 0127U

Marks & Spencer Group PLC

31 March 2021

 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 30 March 2021 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

Restricted Share Plan

Awards have been made under the Marks and Spencer Group Restricted Share Plan to three PDMRs of the Company. These awards have been granted as conditional shares and will vest on 22 June 2022, subject to continued employment with the Company. The value of any dividends accrued, in the form of dividend equivalents, will be paid on the vesting date based on the number of vested shares. No consideration was paid for the grant of the awards and no consideration is payable on exercise of the awards. For the purposes of these awards, the five-day average share price immediately preceding the date of grant of £1.5086 was used.

The Company requires each of the PDMRs in receipt of this award to have an equity position equivalent to 100% of salary within 5 years of appointment.

Name	Conditional shares granted
S Berendji	138,115
P Friston	131,691
S Machin	203,120

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 Berendji
2	Reason for the notification
a)	Position/status	PDMR (Retail, Operations & Property 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 conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil-cost 138,115
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2021-03-30
f)	Place of the transaction	Grant 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 conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil-cost 131,691
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2021-03-30
f)	Place of the transaction	Grant occurred outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	S Machin
2	Reason for the notification
a)	Position/status	PDMR (Managing Director, 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	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 conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil-cost 203,120
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2021-03-30
f)	Place of the transaction	Grant occurred outside a trading venue

 

END

 

 

DSHZBLFXFXLXBBQ