REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

24/06/2022 15:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220624:nRSX1793Qa&default-theme=true

RNS Number : 1793Q  Marks and Spencer Group PLC  24 June 2022

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 24 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 as follows:

1.    Vesting of an award granted on 6 July 2020 to Eoin Tonge under the
Company's Restricted Share Plan ('RSP'), (details of which were announced on 6
July 2020), and subsequent sale of shares to satisfy the tax and National
Insurance liabilities arising as set out below.

 

Upon vesting, this award is subject to a two-year post-vesting holding period.
The Company requires Eoin Tonge to have an equity position equivalent to 200%
of salary within 5 years of appointment.

 

2.    Vesting 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.
The Company requires Richard Price to have an equity position equivalent to
100% of salary within 5 years of appointment.

 PDMR     Shares vested on 24 June 2022  Shares sold to cover tax and NI  Shares retained by individual

 E Tonge  526,168                        256,760                          269,408
 R Price  136,608                        66,663                           69,945

 

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                                                         E Tonge
 2   Reason for the notification
 a)  Position/status                                              PDMR (Group CFO & Chief Strategy 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 526,168 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 256,760 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 269,408 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     526,168

2.    Sale

Price(s)  Volume(s)
                                                                  £1.3726   256,760
 d)  Aggregated information                                       1.    Vesting

- Aggregated volume
Price(s)  Volume(s)  Total

                                                            £0.01     526,168     £5,261.68

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £1.3726   256,760     £352,428.78
 e)  Date of the transaction                                      2022-06-24
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £1.3726   256,760

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     526,168     £5,261.68

2.    Sale

 Price(s)  Volume(s)  Total
 £1.3726   256,760     £352,428.78

e)

Date of the transaction

2022-06-24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 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  Ordinary 1p shares

     Identification code

                                                                  ISIN: GB0031274896
 b)  Nature of the transaction                                    1.    Vesting of 136,608 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 66,663 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 69,945 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     136,608

2.    Sale

Price(s)  Volume(s)
                                                                  £1.3726   66,663
 d)  Aggregated information                                       1.    Vesting

- Aggregated volume
Price(s)  Volume(s)  Total

                                                            £0.01     136,608     £1,366.08

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £1.3726   66,663      £91,501.63
 e)  Date of the transaction                                      2022-06-24
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £1.3726   66,663

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     136,608     £1,366.08

2.    Sale

 Price(s)  Volume(s)  Total
 £1.3726   66,663      £91,501.63

e)

Date of the transaction

2022-06-24

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBSGDLSDDDGDS