Marks & Spencer Group PLC

Director's Dealing • Jul 30, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2213W

Marks & Spencer Group PLC

30 July 2018

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that it has been notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs').

Performance Share Plan Award 2018/19

As reported within the Company's Annual Report on 7 June 2018, the Performance Share Plan ('PSP') continues to be Marks & Spencer's primary long-term incentive plan for executives. As a result, it was confirmed on 30 July 2018 that, on 27 July 2018, awards under the PSP were made to the ten PDMRs of the Company.

These awards were granted as conditional shares, the vesting of which is subject to the satisfaction of certain predetermined performance conditions, as well as the continued employment of the participant. Specifically, the vesting of the award will depend on relative Total Shareholder Return (TSR) the Company's Earnings Per Share (EPS) and Return on Capital Employed (ROCE) over a fixed three-year performance period starting on the first day of the financial year in which the award was granted. On vesting, the award is subject to an additional, mandatory two-year holding period. The value of dividends accrued, in the form of dividend equivalents, will be paid at the end of the period (third anniversary) based on the number of vested shares. No consideration was paid for the grant of the award and no price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of £3.093.

Restricted Share Plan

It was confirmed on 30 July 2018 that, on 27 July 2018, awards were made under the Marks and Spencer Group Restricted Share Plan to eight PDMRs of the Company.

These awards were granted as conditional shares and will vest on the third anniversary of the date of grant, subject to continued employment with the Company. On vesting, the award is subject to an additional, mandatory two-year holding period. The value of dividends accrued, in the form of dividend equivalents, will be paid at the end of the vesting period. No consideration was paid for the grant of the award and no price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of £3.093.

Notifications

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

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)

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

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	654,704

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

H Singer

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	484,966

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	203,685

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	173,811

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Fry

2

Reason for the notification

a)

Position/status

PDMR (Communications & Investor Relations 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	102,179

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Guise

2

Reason for the notification

a)

Position/status

PDMR (HR 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	142,256

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

S Machin

2

Reason for the notification

a)

Position/status

PDMR (Food Managing 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	290,979

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

J McDonald

2

Reason for the notification

a)

Position/status

PDMR (Clothing, Home & Beauty Managing 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	298,254

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

A Mellor

2

Reason for the notification

a)

Position/status

PDMR (Group Secretary and Head of Corporate Governance)

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

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	126,091

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

M Smith

2

Reason for the notification

a)

Position/status

PDMR (Strategy 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP)

c)

Price(s) and volume(s)

Allotment Price(s)	Maximum Number of Options / Shares
£3.093	129,324

d)

Aggregated information

-      Aggregated volume

-      Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant of the options occurred outside a trading venue

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	67,895

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	57,937

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Fry

2

Reason for the notification

a)

Position/status

PDMR (Communications & Investor Relations 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	51,089

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Guise

2

Reason for the notification

a)

Position/status

PDMR (HR 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	71,128

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

S Machin

2

Reason for the notification

a)

Position/status

PDMR (Food Managing 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	96,993

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

J McDonald

2

Reason for the notification

a)

Position/status

PDMR (Clothing, Home & Beauty Managing 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	99,418

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

A Mellor

2

Reason for the notification

a)

Position/status

PDMR (Group Secretary and Head of Corporate Governance)

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

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	63,045

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

M Smith

2

Reason for the notification

a)

Position/status

PDMR (Strategy 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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

b)

Nature of the transaction

Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP)

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.093	64,662

d)

Aggregated information

-      Aggregated volume

Price

n/a (single transaction)

e)

Date of the transaction

2018-07-27

f)

Place of the transaction

Grant occurred outside a trading venue

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

DSHQBLFXVDFLBBE