REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

26/03/2024 15:15

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RNS Number : 3853I  Marks and Spencer Group PLC  26 March 2024

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 26 March 2024 it
was notified of the following transactions in the Company's Ordinary 1p shares
undertaken by directors / persons discharging managerial responsibility
('PDMRs'):

 

1.    Vesting of an award granted on 9 December 2022 (as previously
announced by the Company) to Alex Freudmann under the Company's Restricted
Share Plan, and subsequent sale of shares to satisfy the tax and National
Insurance liabilities arising as set out below. The Company requires Alex to
have an equity position of 100% of salary within 5 years of appointment.

 

2.    Vesting of an award granted on 21 March 2022 to Mark Lemming 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 was granted in lieu of a share award he would have received from his
previous role with Kingfisher plc. The Company requires Mark to have an equity
position equivalent to 100% of salary within 5 years of appointment.

 

     PDMR         Shares vested on 25 March 2024  Shares sold to cover tax and NI  Shares retained by individual
 1.  A Freudmann  398,997                         189,038                          209,959
 2.  M Lemming    73,806                          34,969                           38,837

 

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 of 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                                    1.    Vesting of 398,997 shares awarded under the RSP.

                                                                  2.    Subsequent sale of 189,038 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 209,959 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     398,997

2.    Sale

Price(s)  Volume(s)
                                                                  £2.4977   189,038
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     398,997     £3,989.97

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £2.4977   189,038     £472,160.21
 e)  Date of the transaction                                      2024-03-25
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £2.4977   189,038

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     398,997     £3,989.97

2.    Sale

 Price(s)  Volume(s)  Total
 £2.4977   189,038     £472,160.21

e)

Date of the transaction

2024-03-25

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         M Lemming
 2   Reason for the notification
 a)  Position/status                                              PDMR (Managing Director of International)
 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 73,806 shares awarded under the RSP.

                                                                  2.    Subsequent sale of 34,969 shares acquired under the RSP award to
                                                                  cover the tax and NI liability, with 38,837 shares retained.
 c)  Price(s) and volume(s)                                       1.    Vesting

Price(s)  Volume(s)
                                                                  £0.01     73,806

2.    Sale

Price(s)  Volume(s)
                                                                  £2.4977   34,969
 d)  Aggregated information                                       1.    Vesting

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

                                                            £0.01     73,806      £738.06

- Price
2.    Sale

Price(s)  Volume(s)  Total
                                                                  £2.4977   34,969     £87,342.07
 e)  Date of the transaction                                      2024-03-25
 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

2.    Sale

 Price(s)  Volume(s)
 £2.4977   34,969

d)

Aggregated information

 -  Aggregated volume

 -  Price

1.    Vesting

 Price(s)  Volume(s)  Total
 £0.01     73,806      £738.06

2.    Sale

 Price(s)  Volume(s)  Total
 £2.4977   34,969     £87,342.07

e)

Date of the transaction

2024-03-25

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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