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MKS Marks And Spencer Group Plc

245.80
-4.40 (-1.76%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marks And Spencer Group Plc LSE:MKS London Ordinary Share GB0031274896 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.40 -1.76% 245.80 246.50 246.70 249.50 243.10 246.80 4,790,152 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc General Mdse Stores 11.93B 363.4M 0.1842 13.39 4.86B

Marks and Spencer Group PLC Director/PDMR Shareholding (9497P)

23/06/2022 9:30am

UK Regulatory


Marks And Spencer (LSE:MKS)
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From Apr 2022 to Apr 2024

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TIDMMKS

RNS Number : 9497P

Marks and Spencer Group PLC

23 June 2022

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 22 June 2022 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 30 March 2021 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 30 March 2021, as announced at the time, were granted as conditional shares vesting on 22 June 2022, subject to continued employment with the Company, and with the value of any dividends accrued to be paid on the vesting date in the form of dividend equivalent shares. The Company requires Sacha Berendji and Paul Friston to hold equity positions equivalent to 100% of salary. Following his appointment as CEO on 25 May 2022, Stuart Machin is required to hold an equity position equivalent to 250% of salary within 5 years.

 
 PDMR          Shares vested      Shares sold     Shares retained 
                on 22 June 2022    to cover tax    by individual 
                                   and NI 
 S Machin          203,120           99,121           103,999 
              -----------------  --------------  ---------------- 
 S Berendji        138,115           67,399           70,716 
              -----------------  --------------  ---------------- 
 P Friston         131,691           64,264           67,427 
              -----------------  --------------  ---------------- 
 

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                                                      S Machin 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 1p shares 
      instrument 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 203,120 shares awarded under the 
                                                                Restricted Share Plan. 
                                                                2. Subsequent sale of 99,121 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 103,999 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     203,120 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)     Volume(s) 
                                                                  GBP1.3701    99,121 
                                                                              ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    203,120    GBP2,031.20 
        -   Price                                                           ----------  ----------- 
 
                                                                 2. Sale Price(s)    Volume(s)  Total 
                                                                  GBP1.3701   99,121     GBP135,805.68 
                                                                             ----------  ------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2022-06-22 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 1p shares 
      instrument 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 138,115 shares awarded under the 
                                                                Restricted Share Plan. 
                                                                2. Subsequent sale of 67,399 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 70,716 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     138,115 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)     Volume(s) 
                                                                  GBP1.3701    67,399 
                                                                              ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    138,115    GBP1,381.15 
        -   Price                                                           ----------  ----------- 
 
                                                                 2. Sale Price(s)    Volume(s)  Total 
                                                                  GBP1.3701   67,399     GBP92,343.37 
                                                                             ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2022-06-22 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 1p shares 
      instrument 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 131,691 shares awarded under the 
                                                                Restricted Share Plan. 
                                                                2. Subsequent sale of 64,264 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 67,427 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     131,691 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)     Volume(s) 
                                                                  GBP1.3701    64,264 
                                                                              ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    131,691    GBP1,316.91 
        -   Price                                                           ----------  ----------- 
 
                                                                 2. Sale Price(s)    Volume(s)  Total 
                                                                  GBP1.3701   64,264     GBP88,048.11 
                                                                             ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2022-06-22 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 rns@lseg.com or visit www.rns.com.

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June 23, 2022 04:30 ET (08:30 GMT)

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