Marks & Spencer Group PLC

Director's Dealing • Nov 26, 2018

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RNS Number : 5226I

Marks & Spencer Group PLC

26 November 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').

Sharesave

On 22 November 2018, under the terms of the Marks and Spencer Group plc Sharesave scheme, Stuart Machin was granted options to buy 3,643 ordinary shares in the Company ("Shares") at an option price of £2.47 per share.

Please note: The Sharesave scheme is an all-employee, HMRC-approved Save As You Earn Scheme.  Marks and Spencer employees can save an amount up to a maximum of £250 per month, either in one scheme or across a number of schemes, over a period of three years.  At the end of the period the amount saved can be used to buy Shares at a price set at the start of the relevant scheme saving period.  Employees can withdraw their participation at any time and have their money returned to them. The options to buy Shares are normally exercisable for 6 months from the end of the savings term.

Restricted Share Plan

Conditional Shares awarded by the Company to Jill McDonald on 24 November 2017, pursuant to the Restricted Share Plan (RSP), vested on 26 November 2018. Jill elected to sell sufficient shares to cover her tax and NI liability, with the balance retained. This was the first of four tranches of conditional shares, granted at a share price of £2.99, that will vest over three years following the date of grant, subject to Jill's continued employment with the Company.

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 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 Sharesave Scheme

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£2.47	3,643

d)

Aggregated information

-	Aggregated volume

-	Price

n/a (single transaction)

e)

Date of the transaction

2018-11-22

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 (Managing Director, Clothing, Home and Beauty)

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

Acquisition of shares pursuant to a Restricted Share Plan (RSP) award granted in November 2017 and subsequent sale of sufficient shares to cover the tax and NI liability, with the balance retained.

c)

Price(s) and volume(s)

Price(s)	Maximum Number of Options / Shares
£3.086	148,882

d)

Aggregated information

-	Aggregated volume

-	Price

Acquired	Sold	Price	Retained
148,882	62,751	£3.086	86,131

e)

Date of the transaction

2018-11-26

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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