Marks & Spencer Group PLC

Transaction in Own Shares • Jun 19, 2023

National Storage Mechanism | Additional information

RNS Number : 2064D

Marks and Spencer Group PLC

19 June 2023

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 19 June 2023 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 as follows:

1.    Vesting of an award granted on 29 June 2021 to two PDMRs under the Company's Restricted Share Plan ('RSP'), (details of which were announced on 30 June 2021), and subsequent sale of shares to satisfy the tax and National Insurance liabilities arising as set out below.

The Company requires Katie Bickerstaffe to have an equity position equivalent to 250% of salary and Sacha Berendji to have an equity position of 100% of salary within 5 years of appointment.

PDMR	Shares vested on 19 June 2023	Shares sold to cover tax and NI	Shares retained by individual
K Bickerstaffe	200,000	94,894	105,106
S Berendji	100,000	47,447	52,553

2.    Vesting of two awards 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 first share award detailed below that was made on 3 July 2020 was granted to compensate for loss of share awards that Richard forfeited upon his resignation from his previous role with Tesco PLC, this is the last tranche of four which have vested over the prior three years. The second award was also granted on 3 July 2020 for the share element of his 2019/20 annual bonus that was also forfeited upon his resignation from Tesco PLC. The Company requires Richard Price to have an equity position equivalent to 100% of salary within 5 years of appointment.

PDMR	Shares vested on 19 June 2023	Shares sold to cover tax and NI	Shares retained by individual
R Price	455,359	282,590	313,008
140,239

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

K Bickerstaffe

2

Reason for the notification

a)

Position/status

PDMR (Co-Chief Executive)

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 200,000 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 94,894 shares acquired under the RSP award to cover the tax and NI liability, with 105,106 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	200,000

2.    Sale

Price(s)	Volume(s)
£1.891	94,894

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	200,000	£2,000.00

2.    Sale

Price(s)	Volume(s)	Total
£1.891	94,894	£179,444.55

e)

Date of the transaction

2023-06-19

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 (Operations 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 100,000 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 47,447 shares acquired under the RSP award to cover the tax and NI liability, with 52,553 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	100,000

2.    Sale

Price(s)	Volume(s)
£1.891	47,447

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	100,000	£1,000.00

2.    Sale

Price(s)	Volume(s)	Total
£1.891	47,447	£89,722.28

e)

Date of the transaction

2023-06-19

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 of 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 1p shares

ISIN: GB0031274896

b)

Nature of the transaction

1.    Vesting of 595,598 shares awarded under the Restricted Share Plan.

2.    Subsequent sale of 282,590 shares acquired under the RSP award to cover the tax and NI liability, with 313,008 shares retained.

c)

Price(s) and volume(s)

1.    Vesting

Price(s)	Volume(s)
£0.01	595,598

2.    Sale

Price(s)	Volume(s)
£1.891	282,590

d)

Aggregated information

-	Aggregated volume

-	Price

1.    Vesting

Price(s)	Volume(s)	Total
£0.01	595,598	£5,955.98

2.    Sale

Price(s)	Volume(s)	Total
£1.891	282,590	£534,377.69

e)

Date of the transaction

2023-06-19

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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