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Marks & Spencer Grp (MKS)

  Print          Annual reports

Monday 21 June, 2021

Marks & Spencer Grp

Director/PDMR Shareholding

RNS Number : 6032C
Marks & Spencer Group PLC
21 June 2021
 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 21 June 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

Vesting and release of an award granted on 3 July 2020 to Richard Price 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 award made on 3 July 2020 was granted to compensate for loss of share awards and annual bonus that were forfeited upon Richard's resignation from his previous role with Tesco PLC, and vests in four tranches over three years. This is the second tranche to vest from the award; as previously announced, the first vested on 10 December 2020. The Company requires Richard Price to have an equity position equivalent to 100% of salary within 5 years of appointment.

PDMR

 

 

Shares vested on 21 June 2021

Shares sold to cover tax and NI

Shares retained by individual

R Price

136,608

64,432

72,176

 

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

1.  Restricted Share Plan

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

1.  Vesting of 136,608 shares from the Restricted Share Plan.

2.  Subsequent sale of 64,432 shares acquired under the RSP award to cover the tax and NI liability, with 72,176 shares retained.

c)

Price(s) and volume(s)

1.  Vesting

Price(s)

Volume(s)

Nil cost

136,608

2.  Sale

Price(s)

Volume(s)

£1.50295

64,432

d)

Aggregated information

-

Aggregated volume

-

Price

1.  Vesting

Price(s)

Volume(s)

Total

Nil cost

136,608

 0.00

2.  Sale

Price(s)

Volume(s)

Total

£1.50295

64,432

 96,838.07

e)

Date of the transaction

2021-06-21

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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