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Marks and Spencer Gp (MKS)

  Print          Annual reports

Thursday 23 June, 2022

Marks and Spencer Gp

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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