Marks & Spencer Group PLC

Director's Dealing • Jul 27, 2021

National Storage Mechanism | Additional information

RNS Number : 6569G

Marks & Spencer Group PLC

27 July 2021

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 27 July 2021 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

Restricted Share Plan

Vesting and release of awards granted on 27 July 2018 to three PDMRs 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 awards made on 27 July 2018, as announced at the time, were granted as conditional shares vesting on the third anniversary of the date of grant, subject to continued employment with the Company, and with the value of dividends accruing to be paid at the end of the period in the form of dividend equivalent shares. The awards are subject to an additional post-vest two-year holding period and the Company requires all three PDMRs to have an equity position equivalent to 100% of salary.

PDMR	Shares vested on 27 July 2021	Shares sold to cover tax and NI	Shares retained by individual
S Machin	108,662	51,658	57,004
S Berendji	76,062	36,160	39,902
P Friston	64,906	30,857	34,049

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 (Chief Operating 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 1p shares

ISIN: GB0031274896

b)

Nature of the transaction

1.    Vesting of 108,662 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 51,658 shares acquired under the RSP award to cover the tax and NI liability, with 57,004 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	108,662

2.    Sale

Price(s)	Volume(s)
£1.4215	51,658

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	108,662	£1,086.62

2.    Sale

Price(s)	Volume(s)	Total
£1.4215	51,658	£73,431.85

e)

Date of the transaction

2021-07-27

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 (Property, Store Development & IT 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 1p shares

ISIN: GB0031274896

b)

Nature of the transaction

1.    Vesting of 76,062 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 36,160 shares acquired under the RSP award to cover the tax and NI liability, with 39,902 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	76,062

2.    Sale

Price(s)	Volume(s)
£1.4215	36,160

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	76,062	£760.62

2.    Sale

Price(s)	Volume(s)	Total
£1.4215	36,160	£51,401.44

e)

Date of the transaction

2021-07-27

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 1p shares

ISIN: GB0031274896

b)

Nature of the transaction

1.    Vesting of 64,906 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 30,857 shares acquired under the RSP award to cover the tax and NI liability, with 34,049 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	64,906

2.    Sale

Price(s)	Volume(s)
£1.4215	30,857

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	64,906	£649.06

2.    Sale

Price(s)	Volume(s)	Total
£1.4215	30,857	£43,863.23

e)

Date of the transaction

2021-07-27

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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