Marks & Spencer Group PLC

Director's Dealing • Mar 26, 2024

National Storage Mechanism | Additional information

RNS Number : 3853I

Marks and Spencer Group PLC

26 March 2024

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 26 March 2024 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

1.    Vesting of an award granted on 9 December 2022 (as previously announced by the Company) to Alex Freudmann under the Company's Restricted Share Plan, and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below. The Company requires Alex to have an equity position of 100% of salary within 5 years of appointment.

2.    Vesting of an award granted on 21 March 2022 to Mark Lemming 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 was granted in lieu of a share award he would have received from his previous role with Kingfisher plc. The Company requires Mark to have an equity position equivalent to 100% of salary within 5 years of appointment.

	PDMR	Shares vested on 25 March 2024	Shares sold to cover tax and NI	Shares retained by individual
1.	A Freudmann	398,997	189,038	209,959
2.	M Lemming	73,806	34,969	38,837

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

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

A Freudmann

2

Reason for the notification

a)

Position/status

PDMR (Managing Director of Food)

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 398,997 shares awarded under the RSP.

2.    Subsequent sale of 189,038 shares acquired under the RSP award to cover the tax and NI liability, with 209,959 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	398,997

2.    Sale

Price(s)	Volume(s)
£2.4977	189,038

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	398,997	£3,989.97

2.    Sale

Price(s)	Volume(s)	Total
£2.4977	189,038	£472,160.21

e)

Date of the transaction

2024-03-25

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

M Lemming

2

Reason for the notification

a)

Position/status

PDMR (Managing Director of International)

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 73,806 shares awarded under the RSP.

2.    Subsequent sale of 34,969 shares acquired under the RSP award to cover the tax and NI liability, with 38,837 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	73,806

2.    Sale

Price(s)	Volume(s)
£2.4977	34,969

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	73,806	£738.06

2.    Sale

Price(s)	Volume(s)	Total
£2.4977	34,969	£87,342.07

e)

Date of the transaction

2024-03-25

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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