Director/PDMR Shareholding

Released : 26 06 2017 13:29

RNS Number : 1792J
Marks & Spencer Group PLC
26 June 2017
 

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that it has been notified of the following transactions in the Company's Ordinary 25p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs').

Deferred Share Bonus Plan - 2016/17 award
As reported within the Annual Report on 8 June 2017, Marks & Spencer is paying a bonus to all eligible employees.

As a result, it was confirmed on 26 June 2017 that on 23 June 2017, awards under the Marks and Spencer Group Deferred Share Bonus Plan were made to the PDMRs of the Company.

These awards were made under the Company's Annual Bonus Scheme for 2016/17. This required these individuals to defer 50% of their bonus earned into shares in the Deferred Share Bonus Plan. This award was granted as a nil cost option, where a participant will normally be entitled to exercise their award and receive free shares between the third and tenth anniversary of grant 1. There will be no match paid against these deferred shares, although the value of dividends accrued, in the form of dividend equivalents will be paid at the end of the period (third anniversary). No price is payable on the exercise of the award.

1 Patrick Bosquet-Chavanne's award is structured as conditional shares which vest on the third anniversary of grant.

Restricted Share Plan
It was confirmed on 26 June 2017 that on 23 June 2017 awards were made under the Marks and Spencer Group Restricted Share Plan to three PDMRs of the Company.

These awards were granted as a nil cost option, where a participant will normally be entitled to exercise their award and receive free shares between the relevant vesting date and tenth anniversary of grant, subject to continued employment. These awards will vest in two equal tranches, on the first and second anniversary of the grant. There will be no match paid against these restricted shares, although the value of dividends accrued, in the form of dividend equivalents will be paid at the end of the relevant restricted period.


The 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

A Adcock

2

Reason for the notification

a)

Position/status

PDMR (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 25p shares

 

ISIN: GB0031274896

b)

Nature of the transaction

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

40,853

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

S Berendji

2

Reason for the notification

a)

Position/status

PDMR (Director of Retail)

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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

38,784

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

P Bousquet-Chavanne

2

Reason for the notification

a)

Position/status

PDMR (Executive Director of Customer, Marketing & M&S.com)

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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

66,798

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

38,784

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Fry

2

Reason for the notification

a)

Position/status

PDMR (Communications & Investor Relations 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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

29,919

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Guise

2

Reason for the notification

a)

Position/status

PDMR (HR 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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

20,827

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

D Guise

2

Reason for the notification

a)

Position/status

PDMR (HR 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

Acquisition of Shares through the Company's Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

58,258

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

J Jenkins

2

Reason for the notification

a)

Position/status

PDMR (Womenswear, Lingerie & Beauty 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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

45,821

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

J Jenkins

2

Reason for the notification

a)

Position/status

PDMR (Womenswear, Lingerie & Beauty 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

Acquisition of Shares through the Company's Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

78,648

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

A Mellor

2

Reason for the notification

a)

Position/status

PDMR (Group Secretary and Head of Corporate Governance)

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

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

36,921

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

S Rowe

2

Reason for the notification

a)

Position/status

PDMR (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 25p shares

 

ISIN: GB0031274896

b)

Nature of the transaction

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

87,299

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

M Smith

2

Reason for the notification

a)

Position/status

PDMR (Strategy 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

Acquisition of Shares through the Company's Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

101,951

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

H Weir

2

Reason for the notification

a)

Position/status

PDMR (Chief Finance 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 instrument

Identification code

Ordinary 25p shares

 

ISIN: GB0031274896

b)

Nature of the transaction

Acquisition of Shares through the Company's Deferred Share Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£3.433

72,181

d)

Aggregated information

-

Aggregated volume

-

Price

 

N/A

e)

Date of the transaction

23 June 2017

f)

Place of the transaction

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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