Director/PDMR Shareholding

RNS Number : 6615H

Marks & Spencer Group PLC

04 December 2020

 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 4 December 2020 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

1.  Sharesave grant

The following directors/PDMRs were granted options to buy ordinary shares in the Company ('shares') at an option price of 82p per share under the terms of the Marks and Spencer Group plc Sharesave scheme.

Name	Savings Term	Number of shares over which option granted at 82p
S Rowe	3 years	21,951
E Tonge	3 years	21,951
K Bickerstaffe	3 years	21,951
R Price	3 years	21,951
S Machin	3 years	21,951
S Berendji	3 years	21,951
P Friston	3 years	21,951

Please note: The Sharesave scheme is an all employee HMRC approved Save As You Earn Scheme.  Marks and Spencer employees can save an amount up to a maximum of £500 per month, either in one scheme or across a number of schemes, over a period of three years. At the end of the period the amount saved can be used to buy Shares at a price set at the start of the relevant scheme saving period. Employees can withdraw their participation at any time and have their money returned to them. The options to buy Shares are normally exercisable for 6 months from the end of the savings term.

2.  Deferred Share Bonus Plan

Exercise of an award granted on 23 June 2017 under the Company's 2017 Deferred Share Bonus Plan ('DSBP') by a person closely associated with a PDMR, and subsequent sale of shares as set out below.

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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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	E Tonge
2	Reason for the notification
a)	Position/status	PDMR (Chief Financial 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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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	K Bickerstaffe
2	Reason for the notification
a)	Position/status	PDMR (Chief Strategy & Transformation 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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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	R Price
2	Reason for the notification
a)	Position/status	PDMR (Managing Director, Clothing & Home)
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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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 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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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, 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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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	Paul Friston
2	Reason for the notification
a)	Position/status	PDMR (Director of International)
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	Grant of options pursuant to the Marks and Spencer Group plc Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.82 21,951
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	2020-12-04
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 Friston
2	Reason for the notification
a)	Position/status	Person closely associated with Paul Friston, International Director and PDMR
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	1.  Exercise of 1,947 shares from the Restricted Share Plan. 2.  Subsequent sale of the 1,947 shares acquired under the RSP award.
c)	Price(s) and volume(s)	1.  Exercise Price(s) Volume(s) Nil cost 1,947 2.  Sale Price(s) Volume(s) £1.3723 1,947
d)	Aggregated information - Aggregated volume - Price	1.  Exercise Price(s) Volume(s) Total Nil cost 1,947  0.00 2.  Sale Price(s) Volume(s) Total £1.3723 1,947  2,671.87
e)	Date of the transaction	2020-12-03
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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