REG - Marks & Spencer Grp - Director/PDMR Shareholding

Marks and SpencerAnnouncement

21/06/2021 16:15

RNS Number : 6032C
  
Marks & Spencer Group PLC
  
21 June 2021
  
 

Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 21 June 2021 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):
Restricted Share Plan
Vesting and release of an award granted on 3 July 2020 to Richard Price 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 made on 3 July 2020 was granted to compensate for loss of share awards and annual bonus that were forfeited upon Richard's resignation from his previous role with Tesco PLC, and vests in four tranches over three years. This is the second tranche to vest from the award; as previously announced, the first vested on 10 December 2020. The Company requires Richard Price to have an equity position equivalent to 100% of salary within 5 years of appointment.



PDMR
 
 


Shares vested on 21 June 2021


Shares sold to cover tax and NI


Shares retained by individual




R Price


136,608


64,432


72,176



 
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1.    Restricted Share Plan



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


R Price




2


Reason for the notification




a)


Position/status


PDMR (Managing Director, Clothing & Home)




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.    Vesting of 136,608 shares from the Restricted Share Plan.
2.    Subsequent sale of 64,432 shares acquired under the RSP award to cover the tax and NI liability, with 72,176 shares retained.




c)


Price(s) and volume(s)


1.    Vesting



Price(s)


Volume(s)




Nil cost


136,608



2.    Sale



Price(s)


Volume(s)




£1.50295


64,432








d)


Aggregated information



-


Aggregated volume







-


Price






1.    Vesting



Price(s)


Volume(s)


Total




Nil cost


136,608


 £0.00



2.    Sale



Price(s)


Volume(s)


Total




£1.50295


64,432


 £96,838.07








e)


Date of the transaction


2021-06-21




f)


Place of the transaction


London Stock Exchange, Main Market (XLON)



 
 

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