REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

12/12/2023 09:15

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RNS Number : 4812W  Marks and Spencer Group PLC  12 December 2023

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 11 December 2023
it was notified of the following transactions in the Company's Ordinary 1p
shares undertaken by directors / persons discharging managerial responsibility
('PDMRs'):

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

The Company requires Stuart Machin to have an equity position equivalent to
250% of salary within 5 years of appointment.

 Shares vested on 11 December 2023  Shares sold to cover tax and NI  Shares retained by individual
 50,000                             23,686                           26,314

 

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)
 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 50,000 shares awarded under the Restricted Share Plan.

                                                                  2.    Subsequent sale of 23,686 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 26,314 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     50,000

2.    Sale

Price(s)   Volume(s)
                                                                  £2.59296   23,686
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     50,000      £500.00

- Price
2.    Sale

Price(s)   Volume(s)  Total
                                                                  £2.59296   23,686      £61,416.85
 e)  Date of the transaction                                      2023-12-11
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)   Volume(s)
 £2.59296   23,686

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     50,000      £500.00

2.    Sale

 Price(s)   Volume(s)  Total
 £2.59296   23,686      £61,416.85

e)

Date of the transaction

2023-12-11

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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