Marks and Spencer Group PLC Director/PDMR Shareholding (4812W)
12 Dicembre 2023 - 10:13AM
UK Regulatory
TIDMMKS
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 Shares sold Shares retained
on 11 December to cover tax by individual
2023 and NI
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
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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 Ordinary 1p shares
instrument
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)
GBP0.01 50,000
----------
2. Sale Price(s) Volume(s)
GBP2.59296 23,686
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Vesting Price(s) Volume(s) Total
GBP0.01 50,000 GBP500.00
- Price ---------- ---------
2. Sale Price(s) Volume(s) Total
GBP2.59296 23,686 GBP61,416.85
---------- ------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2023-12-11
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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END
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(END) Dow Jones Newswires
December 12, 2023 04:13 ET (09:13 GMT)
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