Marks and Spencer Group PLC Director/PDMR Shareholding (9497P)
23 June 2022 - 6:30PM
UK Regulatory
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)
-------------------------------------------------------- -------------------------------------------------------
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