REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

19/06/2023 16:45

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RNS Number : 2064D  Marks and Spencer Group PLC  19 June 2023

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 19 June 2023 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 29 June 2021 to two PDMRs under the
Company's Restricted Share Plan ('RSP'), (details of which were announced on
30 June 2021), and subsequent sale of shares to satisfy the tax and National
Insurance liabilities arising as set out below.

 

The Company requires Katie Bickerstaffe to have an equity position equivalent
to 250% of salary and Sacha Berendji to have an equity position of 100% of
salary within 5 years of appointment.

 PDMR            Shares vested on 19 June 2023  Shares sold to cover tax and NI  Shares retained by individual

 K Bickerstaffe  200,000                        94,894                           105,106
 S Berendji      100,000                        47,447                           52,553

 

 

2.    Vesting of two awards 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 first share award detailed below that was made on 3 July 2020 was granted
to compensate for loss of share awards that Richard forfeited upon his
resignation from his previous role with Tesco PLC, this is the last tranche of
four which have vested over the prior three years. The second award was also
granted on 3 July 2020 for the share element of his 2019/20 annual bonus that
was also forfeited upon his resignation from Tesco PLC. The Company requires
Richard Price to have an equity position equivalent to 100% of salary within 5
years of appointment.

 PDMR     Shares vested on 19 June 2023  Shares sold to cover tax and NI  Shares retained by individual

 R Price  455,359                        282,590                          313,008
          140,239

 

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                                                         K Bickerstaffe
 2   Reason for the notification
 a)  Position/status                                              PDMR (Co-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  Ordinary 1p shares

     Identification code

                                                                  ISIN: GB0031274896
 b)  Nature of the transaction                                    1.    Vesting of 200,000 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 94,894 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 105,106 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     200,000

2.    Sale

Price(s)  Volume(s)
                                                                  £1.891    94,894
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     200,000     £2,000.00

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £1.891    94,894      £179,444.55
 e)  Date of the transaction                                      2023-06-19
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £1.891    94,894

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     200,000     £2,000.00

2.    Sale

 Price(s)  Volume(s)  Total
 £1.891    94,894      £179,444.55

e)

Date of the transaction

2023-06-19

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 (Operations 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 100,000 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 47,447 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 52,553 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     100,000

2.    Sale

Price(s)  Volume(s)
                                                                  £1.891    47,447
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     100,000     £1,000.00

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £1.891    47,447     £89,722.28
 e)  Date of the transaction                                      2023-06-19
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £1.891    47,447

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     100,000     £1,000.00

2.    Sale

 Price(s)  Volume(s)  Total
 £1.891    47,447     £89,722.28

e)

Date of the transaction

2023-06-19

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 of 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 595,598 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 282,590 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 313,008 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     595,598

2.    Sale

Price(s)  Volume(s)
                                                                  £1.891    282,590
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     595,598     £5,955.98

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £1.891    282,590    £534,377.69
 e)  Date of the transaction                                      2023-06-19
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £1.891    282,590

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     595,598     £5,955.98

2.    Sale

 Price(s)  Volume(s)  Total
 £1.891    282,590    £534,377.69

e)

Date of the transaction

2023-06-19

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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