Marks & Spencer Group PLC

Director's Dealing • Dec 10, 2020

National Storage Mechanism | Additional information

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 on 10 December 2020	Shares sold to cover tax and NI	Shares retained by individual
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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

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)
£1.36619	248,169

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Exercise

Price(s)	Volume(s)	Total
Nil cost	526,168	£0.00

2.    Sale

Price(s)	Volume(s)	Total
£1.36619	248,169	£339,046.01

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 instrument

Identification code

Ordinary 25p shares

ISIN: GB0031274896

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)
£1.36619	85,909

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Exercise

Price(s)	Volume(s)	Total
Nil cost	182,143	£0.00

2.    Sale

Price(s)	Volume(s)	Total
£1.36619	85,909	£117,368.02

e)

Date of the transaction

2020-12-10

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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