Director/PDMR Shareholding

Marks and Spencer Group PLC

20 September 2023

 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 18 September 2023 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

Alex Freudmann has been granted an award of 36,755 shares under the Company's Restricted Share Plan ('RSP'). This award compensates 50% of a bonus which was forfeited on resigning from his role with Endeavour Group. The award was granted as a conditional share award and will vest on 7 December 2026. The value of dividends accrued, in the form of dividend equivalents, will be paid at the point of vesting. No consideration was paid for the grant of the award. The Company requires Alex Freudmann to have an equity position equivalent to 100% of salary within 5 years of appointment. For the purposes of this award, the five-day average share price immediately preceding the date of grant of £2.2058 was used.

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	A Freudmann
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 1p 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 36,755
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Total Nil-cost 36,755  £0.00
e)	Date of the transaction	2023-09-18
f)	Place of the transaction	Grant of conditional shares occurred outside a trading venue

 

END