REG - Marks and Spencer Gp - Director/PDMR Shareholding
23/06/2022 09:30
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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 Ordinary 1p shares
Identification code
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 1. Vesting
- Aggregated volume
Price(s) Volume(s) Total
£0.01 203,120 £2,031.20
- Price
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)
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 Ordinary 1p shares
Identification code
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 1. Vesting
- Aggregated volume
Price(s) Volume(s) Total
£0.01 138,115 £1,381.15
- Price
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)
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 Ordinary 1p shares
Identification code
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 1. Vesting
- Aggregated volume
Price(s) Volume(s) Total
£0.01 131,691 £1,316.91
- Price
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)
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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