Director/PDMR Shareholding

RNS Number : 9497P

Marks and Spencer Group PLC

23 June 2022

 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 22 June 2022 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

Restricted Share Plan

Vesting and release of awards granted on 30 March 2021 to three PDMRs under the Company's Restricted Share Plan ('RSP'), and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.

The awards made on 30 March 2021, as announced at the time, were granted as conditional shares vesting on 22 June 2022, subject to continued employment with the Company, and with the value of any dividends accrued to be paid on the vesting date in the form of dividend equivalent shares. The Company requires Sacha Berendji and Paul Friston to hold equity positions equivalent to 100% of salary. Following his appointment as CEO on 25 May 2022, Stuart Machin is required to hold an equity position equivalent to 250% of salary within 5 years.

PDMR	Shares vested on 22 June 2022	Shares sold to cover tax and NI	Shares retained by individual
S Machin	203,120	99,121	103,999
S Berendji	138,115	67,399	70,716
P Friston	131,691	64,264	67,427

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	S Machin
2	Reason for the notification
a)	Position/status	PDMR (Chief Executive 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 1p shares ISIN: GB0031274896
b)	Nature of the transaction	1.  Vesting of 203,120 shares awarded under the Restricted Share Plan. 2.  Subsequent sale of 99,121 shares acquired under the RSP award to cover the tax and NI liability, with 103,999 shares retained.
c)	Price(s) and volume(s)	1.  Vesting Price(s) Volume(s) £0.01 203,120 2.  Sale Price(s) Volume(s) £1.3701 99,121
d)	Aggregated information - Aggregated volume - Price	1.  Vesting Price(s) Volume(s) Total £0.01 203,120  2,031.20 2.  Sale Price(s) Volume(s) Total £1.3701 99,121  135,805.68
e)	Date of the transaction	2022-06-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	S Berendji
2	Reason for the notification
a)	Position/status	PDMR (Property, Store Development & IT 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 1p shares ISIN: GB0031274896
b)	Nature of the transaction	1.  Vesting of 138,115 shares awarded under the Restricted Share Plan. 2.  Subsequent sale of 67,399 shares acquired under the RSP award to cover the tax and NI liability, with 70,716 shares retained.
c)	Price(s) and volume(s)	1.  Vesting Price(s) Volume(s) £0.01 138,115 2.  Sale Price(s) Volume(s) £1.3701 67,399
d)	Aggregated information - Aggregated volume - Price	1.  Vesting Price(s) Volume(s) Total £0.01 138,115  1,381.15 2.  Sale Price(s) Volume(s) Total £1.3701 67,399  92,343.37
e)	Date of the transaction	2022-06-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 1p shares ISIN: GB0031274896
b)	Nature of the transaction	1.  Vesting of 131,691 shares awarded under the Restricted Share Plan. 2.  Subsequent sale of 64,264 shares acquired under the RSP award to cover the tax and NI liability, with 67,427 shares retained.
c)	Price(s) and volume(s)	1.  Vesting Price(s) Volume(s) £0.01 131,691 2.  Sale Price(s) Volume(s) £1.3701 64,264
d)	Aggregated information - Aggregated volume - Price	1.  Vesting Price(s) Volume(s) Total £0.01 131,691  1,316.91 2.  Sale Price(s) Volume(s) Total £1.3701 64,264  88,048.11
e)	Date of the transaction	2022-06-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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