TIDMMKS

RNS Number : 2222W

Marks & Spencer Group PLC

14 August 2020

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 14 August 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 awards granted on 14 August 2017 under the Company's Performance Share Plan ('PSP'), of which 11.2% vested as disclosed in the Company's 2019/20 Annual Report and Accounts, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.

 
 PDMR          Shares exercised   Shares sold     Shares retained 
                on 14 August       to cover tax    by individual 
                2020               and NI 
 S Rowe             71,504           33,726           37,778 
              -----------------  --------------  ---------------- 
 S Berendji         25,310           11,939           13,371 
              -----------------  --------------  ---------------- 
 P Friston          25,310           11,939           13,371 
              -----------------  --------------  ---------------- 
 

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          Ordinary 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Exercise of 71,504 shares from the Performance 
                                                                Share Plan. 
                                                                2. Subsequent sale of 33,726 shares acquired under the 
                                                                PSP award to cover the tax and NI liability, 
                                                                with 37,778 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Exercise Price(s)    Volume(s) 
                                                                  Nil cost    71,504 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)    Volume(s) 
                                                                  GBP1.113    33,726 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Exercise Price(s)   Volume(s)  Total 
                                                                  Nil cost   71,504     GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)   Volume(s)  Total 
                                                                  GBP1.113   33,726     GBP37,537.04 
                                                                            ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-08-14 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Exercise of 25,310 shares from the Performance 
                                                                Share Plan. 
                                                                2. Subsequent sale of 11,939 shares acquired under the 
                                                                PSP award to cover the tax and NI liability, 
                                                                with 13,371 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Exercise Price(s)    Volume(s) 
                                                                  Nil cost    25,310 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)    Volume(s) 
                                                                  GBP1.113    11,939 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Exercise Price(s)   Volume(s)  Total 
                                                                  Nil cost   25,310     GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)   Volume(s)  Total 
                                                                  GBP1.113   11,939     GBP13,288.11 
                                                                            ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-08-14 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Exercise of 25,310 shares from the Performance 
                                                                Share Plan. 
                                                                2. Subsequent sale of 11,939 shares acquired under the 
                                                                PSP award to cover the tax and NI liability, 
                                                                with 13,371 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Exercise Price(s)    Volume(s) 
                                                                  Nil cost    25,310 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)    Volume(s) 
                                                                  GBP1.113    11,939 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Exercise Price(s)   Volume(s)  Total 
                                                                  Nil cost   25,310     GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)   Volume(s)  Total 
                                                                  GBP1.113   11,939     GBP13,288.11 
                                                                            ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-08-14 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 14, 2020 09:00 ET (13:00 GMT)

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