REG - Marks & Spencer Grp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

23/06/2020 18:15

RNS Number : 8535Q
  
Marks & Spencer Group PLC
  
23 June 2020
  
 

Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 23 June 2020 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by director / persons discharging managerial responsibility ('PDMRs'):
1.    Performance Share Plan
Exercise of an award granted on 5 December 2016 under the Company's 2016 Performance Share Plan ('PSP'), of which 34% vested as disclosed in the Company's 2018/19 Annual Report and Accounts, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
2.    Deferred Share Bonus Plan
Exercise of awards granted on 23 June 2017 under the Company's 2017 Deferred Share Bonus Plan ('DSBP') and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
3.    Restricted Share Plan
Exercise of an award granted on 18 June 2018 under the Company's Restricted Share Plan ('RSP'), of which 50% vested in June 2019 and 50% vested in June 2020, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
 



PDMR
 
 


Shares exercised on 23 June 2020


Shares sold to cover tax and NI


Shares retained by individual




S Rowe


287,118*


135,421


151,697




S Berendji


40,314


19,016


21,298




P Friston


40,314


19,015


21,299




S Machin


39,452


18,609


20,843



*196,374 shares exercised under 2016 Performance Share Plan and 90,744 shares exercised under 2017 Deferred Share Bonus Plan.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1.    Performance Share Plan



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


S Rowe




2


Reason for the notification




a)


Position/status


PDMR (Chief Executive 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
Identification code


Ordinary 25p shares
 
ISIN: GB0031274896




b)


Nature of the transaction


1.    Exercise of 196,374 shares from the 2016 Performance Share Plan.
2.    Subsequent sale of 92,621 shares acquired under the PSP award to cover the tax and NI liability, with 103,753 shares retained.




c)


Price(s) and volume(s)


1.    Exercise



Price(s)


Volume(s)




Nil cost


196,374



2.    Sale



Price(s)


Volume(s)




£1.1002


92,621








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Exercise



Price(s)


Volume(s)


Total




Nil cost


196,374


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.1002


92,621


 £101,901.62








e)


Date of the transaction


2020-06-23




f)


Place of the transaction


London Stock Exchange, Main Market (XLON)



 
2.    Deferred Share Bonus Plan



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


S Rowe




2


Reason for the notification




a)


Position/status


PDMR (Chief Executive 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
Identification code


Ordinary 25p shares
 
ISIN: GB0031274896




b)


Nature of the transaction


1.    Exercise of 90,744 shares from the 2017 Deferred Share Bonus Plan.
2.    Subsequent sale of 42,800 shares acquired under the DSBP award to cover the tax and NI liability, with 47,944 shares retained.




c)


Price(s) and volume(s)


1.    Exercise



Price(s)


Volume(s)




Nil cost


90,744



2.    Sale



Price(s)


Volume(s)




£1.1002


42,800








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Exercise



Price(s)


Volume(s)


Total




Nil cost


90,744


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.1002


42,800


 £47,088.56








e)


Date of the transaction


2020-06-23




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 (Retail, Operations & Property 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
Identification code


Ordinary 25p shares
 
ISIN: GB0031274896




b)


Nature of the transaction


1.    Exercise of 40,314 shares from the 2017 Deferred Share Bonus Plan.
2.    Subsequent sale of 19,016 shares acquired under the DSBP award to cover the tax and NI liability, with 21,298 shares retained.




c)


Price(s) and volume(s)


1.    Exercise



Price(s)


Volume(s)




Nil cost


40,314



2.    Sale



Price(s)


Volume(s)




£1.1053


19,016








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Exercise



Price(s)


Volume(s)


Total




Nil cost


40,314


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.1053


19,016


 £21,018.38








e)


Date of the transaction


2020-06-23




f)


Place of the transaction


London Stock Exchange, Main Market (XLON)



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


P Friston




2


Reason for the notification




a)


Position/status


PDMR (International 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
Identification code


Ordinary 25p shares
 
ISIN: GB0031274896




b)


Nature of the transaction


1.    Exercise of 40,314 shares from the 2017 Deferred Share Bonus Plan.
2.    Subsequent sale of 19,015 shares acquired under the DSBP award to cover the tax and NI liability, with 21,299 shares retained.




c)


Price(s) and volume(s)


1.    Exercise



Price(s)


Volume(s)




Nil cost


40,314



2.    Sale



Price(s)


Volume(s)




£1.104


19,015








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Exercise



Price(s)


Volume(s)


Total




Nil cost


40,314


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.104


19,015


 £20,992.56








e)


Date of the transaction


2020-06-23




f)


Place of the transaction


London Stock Exchange, Main Market (XLON)



 
3.    Restricted Share Plan



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


S Machin




2


Reason for the notification




a)


Position/status


PDMR (Food Managing 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
Identification code


Ordinary 25p shares
 
ISIN: GB0031274896




b)


Nature of the transaction


1.    Exercise of 39,452 shares from a 2018 award under the Restricted Share Plan.
2.    Subsequent sale of 18,609 shares acquired under the RSP award to cover the tax and NI liability, with 20,843 shares retained.




c)


Price(s) and volume(s)


1.    Exercise



Price(s)


Volume(s)




Nil cost


39,452



2.    Sale



Price(s)


Volume(s)




£1.0988


18,609








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Exercise



Price(s)


Volume(s)


Total




Nil cost


39,452


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.0988


18,609


 £20,447.56








e)


Date of the transaction


2020-06-23




f)


Place of the transaction


London Stock Exchange, Main Market (XLON)



 


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