TIDMMKS

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      Shares sold     Shares retained 
             on 21 June 2021    to cover tax    by individual 
                                and NI 
 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          Ordinary 25p shares 
      instrument                                                 ISIN: GB0031274896 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 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) 
                                                                  GBP1.50295    64,432 
                                                                               ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  Nil cost   136,608    GBP0.00 
        -   Price                                                           ----------  ------- 
 
                                                                 2. Sale Price(s)     Volume(s)  Total 
                                                                  GBP1.50295   64,432     GBP96,838.07 
                                                                              ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2021-06-21 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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END

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June 21, 2021 11:15 ET (15:15 GMT)

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