Marks & Spencer Group PLC Director/PDMR Shareholding (2985I)
10 Dicembre 2020 - 6:44PM
UK Regulatory
TIDMMKS
RNS Number : 2985I
Marks & Spencer Group PLC
10 December 2020
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 10
December 2020 it was notified of the following transactions in the
Company's Ordinary 25p shares undertaken by director / persons
discharging managerial responsibility ('PDMRs'):
Restricted Share Plan
Exercise of awards as follows:
1. Exercise of an award granted on 6 July 2020 to Eoin Tonge
under the Company's Restricted Share Plan ('RSP') (details of which
were announced on 6 July 2020), and subsequent sale of shares to
satisfy the tax and National Insurance liabilities arising as set
out below.
Upon vesting, this award is subject to a two-year post-vesting
holding period. The Company requires Eoin Tonge to have an equity
position equivalent to 200% of salary within 5 years of
appointment.
2. Exercise 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. The Company requires Richard Price
to have an equity position equivalent to 100% of salary within 5
years of appointment.
PDMR Shares exercised Shares sold Shares retained
on 10 December to cover tax by individual
2020 and NI
E Tonge 526,168 248,169 277,999
----------------- -------------- ----------------
R Price 182,143 85,909 96,234
----------------- -------------- ----------------
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 E Tonge
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Exercise of 526,168 shares from the Restricted
Share Plan.
2. Subsequent sale of 248,169 shares acquired under
the RSP award to cover the tax and NI
liability, with 277,999 shares retained.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. Exercise Price(s) Volume(s)
Nil cost 526,168
----------
2. Sale Price(s) Volume(s)
GBP1.36619 248,169
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Exercise Price(s) Volume(s) Total
Nil cost 526,168 GBP0.00
- Price ---------- -------
2. Sale Price(s) Volume(s) Total
GBP1.36619 248,169 GBP339,046.01
---------- -------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2020-12-10
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Exercise of 182,143 shares from the Restricted
Share Plan.
2. Subsequent sale of 85,909 shares acquired under the
RSP award to cover the tax and NI liability,
with 96,234 shares retained.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) 1. Exercise Price(s) Volume(s)
Nil cost 182,143
----------
2. Sale Price(s) Volume(s)
GBP1.36619 85,909
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 1. Exercise Price(s) Volume(s) Total
Nil cost 182,143 GBP0.00
- Price ---------- -------
2. Sale Price(s) Volume(s) Total
GBP1.36619 85,909 GBP117,368.02
---------- -------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2020-12-10
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------------------------------------------------- -------------------------------------------------------
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END
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December 10, 2020 12:44 ET (17:44 GMT)
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