26 February 2024
Marshalls plc
(the "Company" or "Marshalls")
EBT Share Purchase
The Company has been notified by the Trustee of the Marshalls plc Employee Benefit Trust (the "EBT") that, pursuant to an irrevocable instruction given to the Company's broker, Peel Hunt LLP on 16 February 2024, the EBT has purchased 466,295 ordinary shares of 25 pence each in the Company ("Ordinary Shares") at an average price of 297.95 pence per share (the "EBT Share Purchase").
The EBT is a discretionary trust for the benefit of employees of the Company and its subsidiaries, including the Executive Directors of the Company. Shares held in the EBT are predominantly used to satisfy awards made pursuant to Marshalls' employee share schemes. The EBT Share Purchase has been funded by a loan provided to the EBT by the Company from its existing cash resources.
Following this transaction, the EBT is interested in a total of 661,897 Ordinary Shares, representing approximately 0.26 per cent of the Company's total voting rights.
Enquiries:
| Shiv Sibal, Company Secretary | Marshalls plc | +44 (0)1422 314767 |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| Marshalls EBT Limited | ||||
| 2
| Reason for the notification
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| a)
| Position/status
| PCA - Executive Officer (Martyn Coffey) in his capacity as a director of Marshalls EBT Limited, which is the Trustee of The Marshalls plc Employee Benefit Trust.
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| b)
| Initial notification /Amendment
| Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Marshalls plc | ||||
| b)
| LEI
| 213800S21IFC367J5V62 | ||||
| 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 Shares
GB00B012BV22 | ||||
| b)
| Nature of the transaction
| Purchase of shares to satisfy the vesting of share options under the Marshalls plc 2014 Management Incentive Plan ("MIP") and the Marshalls plc Bonus Share Plan 2015 ("BSP") | ||||
| c)
| Price(s) and volume(s)
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| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A (single transaction)
N/A (single transaction)
N/A (single transaction)
| ||||
| e)
| Date of the transaction
| 22.02.24 | ||||
| f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
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