Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 30 March 2021 it was notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):
Restricted Share Plan
Awards have been made under the Marks and Spencer Group Restricted Share Plan to three PDMRs of the Company. These awards have been granted as conditional shares and will vest on 22 June 2022, subject to continued employment with the Company. The value of any dividends accrued, in the form of dividend equivalents, will be paid on the vesting date based on the number of vested shares. No consideration was paid for the grant of the awards and no consideration is payable on exercise of the awards. For the purposes of these awards, the five-day average share price immediately preceding the date of grant of £1.5086 was used.
The Company requires each of the PDMRs in receipt of this award to have an equity position equivalent to 100% of salary within 5 years of appointment.
| Name | Conditional shares granted |
| S Berendji | 138,115 |
| P Friston | 131,691 |
| S Machin | 203,120 |
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 Berendji | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Retail, Operations & Property 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 25p shares
ISIN: GB0031274896 | ||||
| b) | Nature of the transaction | Award of conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2021-03-30 | ||||
| f) | Place of the transaction | Grant occurred outside a trading venue | ||||
| 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 25p shares
ISIN: GB0031274896 | ||||
| b) | Nature of the transaction | Award of conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2021-03-30 | ||||
| f) | Place of the transaction | Grant occurred outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | S Machin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Managing Director, 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 25p shares
ISIN: GB0031274896 | ||||
| b) | Nature of the transaction | Award of conditional shares pursuant to the Marks and Spencer Group Restricted Share Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2021-03-30 | ||||
| f) | Place of the transaction | Grant occurred outside a trading venue | ||||
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