Director/PDMR Shareholding

Released : 13 07 2017 14:12

RNS Number : 0025L
Marks & Spencer Group PLC
13 July 2017
 

Director/PDMR Shareholding

Marks and Spencer Group plc (the "Company") announces that it has been notified of the following transaction in the Company's Ordinary 25p shares undertaken by a person discharging managerial responsibility ("PDMR"):

-      Exercise by P Friston, PDMR (International Director) of an option to acquire 20,133 shares pursuant to a Restricted Share Plan (RSP) award, and the subsequent sale of 9,497 shares to cover the tax and NI liability.

The notification set out below is 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

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

Exercise of option to acquire 20,133 shares pursuant to a Restricted Share Plan (RSP) award granted in March 2015.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil consideration

20,133

d)

Aggregated information

-

Aggregated volume

-

Price

n/a (single transaction)

e)

Date of the transaction

12 July 2017

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 instrument

Identification code

Ordinary 25p shares

 

ISIN: GB0031274896

b)

Nature of the transaction

Sale of 9,497 shares to cover tax and NI liability arising from the exercise of an option to acquire 20,133 shares pursuant to a Restricted Share Plan (RSP) award granted in March 2015.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

316.85p

9,497

d)

Aggregated information

-

Aggregated volume

-

Price

n/a (single transaction)

e)

Date of the transaction

12 July 2017

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


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