REG - Marks and Spencer Gp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

25/03/2025 12:15

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RNS Number : 0964C  Marks and Spencer Group PLC  25 March 2025

Director/PDMR Shareholding

 

Marks and Spencer Group plc (the 'Company') announces that on 24 March 2025 it
was notified of the following transactions in the Company's Ordinary 1p shares
undertaken by directors / persons discharging managerial responsibility
('PDMRs'):

 

Alison Dolan has been granted the following awards under the Company's
Restricted Share Plan ('RSP'). These awards compensate awards which were
forfeited on resigning from her role at Rightmove plc.

 

 Number of shares  Vesting date
 239,588           7 July 2025
 159,725           23 March 2026
 237,996*          5 July 2027

*This award is subject to the same performance conditions as the Marks and
Spencer Group plc Performance Share Plan Award granted on 3 July 2024. More
detail can be found in the 2024 Annual Report and available at
corporate.marksandspencer.com.

 

The awards were granted as conditional share awards. 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 awards. The Company
requires Alison Dolan to have an equity position equivalent to 200% 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 £3.299 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 Dolan
 2   Reason for the notification
 a)  Position/status                                              PDMR (Incoming Chief Financial 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                                    Award of conditional shares pursuant to the Marks and Spencer Group plc
                                                                  Restricted Share Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil-cost  637,309
 d)  Aggregated information                                       Price(s)  Volume(s)  Total

- Aggregated volume                                         Nil-cost  637,309     £0.00

- Price
 e)  Date of the transaction                                      2025-03-24
 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  637,309     £0.00

e)

Date of the transaction

2025-03-24

f)

Place of the transaction

Grant of conditional shares occurred outside a trading venue

 

 

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