Director's Dealing • Jun 23, 2020
Director's Dealing
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RNS Number : 8535Q
Marks & Spencer Group PLC
23 June 2020
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 23 June 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 an award granted on 5 December 2016 under the Company's 2016 Performance Share Plan ('PSP'), of which 34% vested as disclosed in the Company's 2018/19 Annual Report and Accounts, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
2. Deferred Share Bonus Plan
Exercise of awards granted on 23 June 2017 under the Company's 2017 Deferred Share Bonus Plan ('DSBP') and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
3. Restricted Share Plan
Exercise of an award granted on 18 June 2018 under the Company's Restricted Share Plan ('RSP'), of which 50% vested in June 2019 and 50% vested in June 2020, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.
| PDMR | Shares exercised on 23 June 2020 | Shares sold to cover tax and NI | Shares retained by individual |
| S Rowe | 287,118* | 135,421 | 151,697 |
| S Berendji | 40,314 | 19,016 | 21,298 |
| P Friston | 40,314 | 19,015 | 21,299 |
| S Machin | 39,452 | 18,609 | 20,843 |
*196,374 shares exercised under 2016 Performance Share Plan and 90,744 shares exercised under 2017 Deferred Share Bonus Plan.
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 instrument
Identification code
Ordinary 25p shares
ISIN: GB0031274896
b)
Nature of the transaction
1. Exercise of 196,374 shares from the 2016 Performance Share Plan.
2. Subsequent sale of 92,621 shares acquired under the PSP award to cover the tax and NI liability, with 103,753 shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil cost | 196,374 |
2. Sale
| Price(s) | Volume(s) |
| £1.1002 | 92,621 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
1. Exercise
| Price(s) | Volume(s) | Total |
| Nil cost | 196,374 | £0.00 |
2. Sale
| Price(s) | Volume(s) | Total |
| £1.1002 | 92,621 | £101,901.62 |
e)
Date of the transaction
2020-06-23
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
2. Deferred Share Bonus 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 instrument
Identification code
Ordinary 25p shares
ISIN: GB0031274896
b)
Nature of the transaction
1. Exercise of 90,744 shares from the 2017 Deferred Share Bonus Plan.
2. Subsequent sale of 42,800 shares acquired under the DSBP award to cover the tax and NI liability, with 47,944 shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil cost | 90,744 |
2. Sale
| Price(s) | Volume(s) |
| £1.1002 | 42,800 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
1. Exercise
| Price(s) | Volume(s) | Total |
| Nil cost | 90,744 | £0.00 |
2. Sale
| Price(s) | Volume(s) | Total |
| £1.1002 | 42,800 | £47,088.56 |
e)
Date of the transaction
2020-06-23
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 instrument
Identification code
Ordinary 25p shares
ISIN: GB0031274896
b)
Nature of the transaction
1. Exercise of 40,314 shares from the 2017 Deferred Share Bonus Plan.
2. Subsequent sale of 19,016 shares acquired under the DSBP award to cover the tax and NI liability, with 21,298 shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil cost | 40,314 |
2. Sale
| Price(s) | Volume(s) |
| £1.1053 | 19,016 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
1. Exercise
| Price(s) | Volume(s) | Total |
| Nil cost | 40,314 | £0.00 |
2. Sale
| Price(s) | Volume(s) | Total |
| £1.1053 | 19,016 | £21,018.38 |
e)
Date of the transaction
2020-06-23
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 instrument
Identification code
Ordinary 25p shares
ISIN: GB0031274896
b)
Nature of the transaction
1. Exercise of 40,314 shares from the 2017 Deferred Share Bonus Plan.
2. Subsequent sale of 19,015 shares acquired under the DSBP award to cover the tax and NI liability, with 21,299 shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil cost | 40,314 |
2. Sale
| Price(s) | Volume(s) |
| £1.104 | 19,015 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
1. Exercise
| Price(s) | Volume(s) | Total |
| Nil cost | 40,314 | £0.00 |
2. Sale
| Price(s) | Volume(s) | Total |
| £1.104 | 19,015 | £20,992.56 |
e)
Date of the transaction
2020-06-23
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
3. Restricted Share Plan
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
1. Exercise of 39,452 shares from a 2018 award under the Restricted Share Plan.
2. Subsequent sale of 18,609 shares acquired under the RSP award to cover the tax and NI liability, with 20,843 shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil cost | 39,452 |
2. Sale
| Price(s) | Volume(s) |
| £1.0988 | 18,609 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
1. Exercise
| Price(s) | Volume(s) | Total |
| Nil cost | 39,452 | £0.00 |
2. Sale
| Price(s) | Volume(s) | Total |
| £1.0988 | 18,609 | £20,447.56 |
e)
Date of the transaction
2020-06-23
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 [email protected] or visit www.rns.com.
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