REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

20/09/2023 09:00

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RNS Number : 9803M  Marks and Spencer Group PLC  20 September 2023

Director/PDMR Shareholding

 

Marks and Spencer Group plc (the 'Company') announces that on 18 September
2023 it was notified of the following transactions in the Company's Ordinary
1p shares undertaken by directors / persons discharging managerial
responsibility ('PDMRs'):

 

Alex Freudmann has been granted an award of 36,755 shares under the Company's
Restricted Share Plan ('RSP'). This award compensates 50% of a bonus which was
forfeited on resigning from his role with Endeavour Group. The award was
granted as a conditional share award and will vest on 7 December 2026. The
value of dividends accrued, in the form of dividend equivalents, will be paid
at the point of vesting. No consideration was paid for the grant of the award.
The Company requires Alex Freudmann to have an equity position equivalent to
100% of salary within 5 years of appointment. For the purposes of this award,
the five-day average share price immediately preceding the date of grant of
£2.2058 was used.

 

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                                                         A Freudmann
 2   Reason for the notification
 a)  Position/status                                              PDMR (Managing Director, Food)
 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                                    Award of conditional shares pursuant to the Marks and Spencer Group Restricted
                                                                  Share Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil-cost  36,755
 d)  Aggregated information                                       Price(s)  Volume(s)  Total

- Aggregated volume                                         Nil-cost  36,755      £0.00

- Price
 e)  Date of the transaction                                      2023-09-18
 f)  Place of the transaction                                     Grant of conditional shares occurred outside a trading venue

d)

Aggregated information

 -  Aggregated volume

 -  Price

 Price(s)  Volume(s)  Total
 Nil-cost  36,755      £0.00

e)

Date of the transaction

2023-09-18

f)

Place of the transaction

Grant of conditional shares occurred outside a trading venue

 

 

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