Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 3 July 2024 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):
1. Vesting and subsequent sale of shares (to satisfy tax and National Insurance liabilities) of awards granted under the Restricted Share Plan ('RSP') and in 2021/22 under the Performance Share Plan ('PSP').
2. Grant of awards under the PSP and the Deferred Share Bonus Plan ('DSBP'). For the purpose of these awards, the five-day average share price immediately preceding the date of grant of £2.89 was used.
The Company requires Executive Directors to have an equity position equivalent to 250% of salary and other PDMRs to have an equity position equivalent to 100% of salary, each within five years of appointment.
PDMRs are required to defer 50% of their bonus into shares. Further information on these awards and vesting levels is set out in the Company's 2024 Annual Report, published on 3 June 2024 and available at corporate.marksandspencer.com.
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 instrument Identification code | Ordinary 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Vesting of 904,657 shares awarded under the 2021/22 PSP.
2. Vesting of 404,365 shares awarded under the RSP. | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| d) | Aggregated information
| 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| e) | Date of the transaction | 2024-06-28 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 3. Subsequent sale of 427,917 shares acquired under the 2021/22 PSP award to cover the tax and NI liability, with 476,740 shares retained.
4. Subsequent sale of 191,271 shares acquired under the RSP award to cover the tax and NI liability, with 213,094 shares retained. | ||||||||||||||||
| c) | Price(s) and volume(s) | 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| d) | Aggregated information
| 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-02 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 5. Award of conditional shares pursuant to the Marks and Spencer Performance Share Plan. 6. Award of conditional shares pursuant to the Marks and Spencer Group Deferred Share Bonus Plan. | ||||||||||||||||
| c) | Price(s) and volume(s) | 5. PSP Award
6. DSBP Award
| ||||||||||||||||
| d) | Aggregated information
| 5. PSP Award
6. DSBP Award
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-03 | ||||||||||||||||
| f) | Place of the transaction | Grant of conditional shares outside a trading venue | ||||||||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
| a) | Name | K Bickerstaffe | ||||||||||||||||
| 2 | Reason for the notification | |||||||||||||||||
| a) | Position/status | PDMR (Co-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 instrument Identification code | Ordinary 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Vesting of 904,657 shares awarded under the 2021/22 PSP.
2. Vesting of 505,219 shares awarded under the RSP | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| d) | Aggregated information
| 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| e) | Date of the transaction | 2024-06-28 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 3. Subsequent sale of 427,917 shares acquired under the 2021/22 PSP award to cover the tax and NI liability, with 476,740 shares retained.
4. Subsequent sale of 238,976 shares acquired under the RSP award to cover the tax and NI liability, with 266,243 shares retained. | ||||||||||||||||
| c) | Price(s) and volume(s) | 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| d) | Aggregated information
| 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-02 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
| a) | Name | A Freudmann | ||||||||||||||||
| 2 | Reason for the notification | |||||||||||||||||
| a) | Position/status | PDMR (Managing 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Vesting of 595,659 shares awarded under the RSP. | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. RSP Vesting
| ||||||||||||||||
| d) | Aggregated information
| 1. RSP Vesting
| ||||||||||||||||
| e) | Date of the transaction | 2024-06-28 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 2. Subsequent sale of 281,756 shares acquired under the RSP award to cover the tax and NI liability, with 313,903 shares retained. | ||||||||||||||||
| c) | Price(s) and volume(s) | 2. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| d) | Aggregated information
| 2. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-02 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 3. Award of conditional shares pursuant to the Marks and Spencer Performance Share Plan. 4. Award of conditional shares pursuant to the Marks and Spencer Group Deferred Share Bonus Plan. | ||||||||||||||||
| c) | Price(s) and volume(s) | 3. PSP Award
4. DSBP Award
| ||||||||||||||||
| d) | Aggregated information
| 3. PSP Award
4. DSBP Award
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-03 | ||||||||||||||||
| f) | Place of the transaction | Grant of conditional shares outside a trading venue | ||||||||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
| a) | Name | R Price | ||||||||||||||||
| 2 | Reason for the notification | |||||||||||||||||
| a) | Position/status | PDMR (Managing Director of Clothing & Home) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Vesting of 685,007 shares awarded under the 2021/22 PSP. | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. 2021/22 PSP Vesting
| ||||||||||||||||
| d) | Aggregated information
| 1. 2021/22 PSP Vesting
| ||||||||||||||||
| e) | Date of the transaction | 2024-06-28 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 2. Subsequent sale of 324,019 shares acquired under the 2021/22 PSP award to cover the tax and NI liability, with 360,988 shares retained. | ||||||||||||||||
| c) | Price(s) and volume(s) | 2. Subsequent sale of shares acquired under the PSP.
| ||||||||||||||||
| d) | Aggregated information
| 2. Subsequent sale of shares acquired under the PSP.
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-02 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 3. Award of conditional shares pursuant to the Marks and Spencer Performance Share Plan. 4. Award of conditional shares pursuant to the Marks and Spencer Group Deferred Share Bonus Plan. | ||||||||||||||||
| c) | Price(s) and volume(s) | 3. PSP Award
4. DSBP Award
| ||||||||||||||||
| d) | Aggregated information
| 3. PSP Award
4. DSBP Award
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-03 | ||||||||||||||||
| f) | Place of the transaction | Grant of conditional shares outside a trading venue | ||||||||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
| a) | Name | S Berendji | ||||||||||||||||
| 2 | Reason for the notification | |||||||||||||||||
| a) | Position/status | PDMR (Operations 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Vesting of 559,919 shares awarded under the 2021/22 PSP.
2. Vesting of 202,087 shares awarded under the RSP | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| d) | Aggregated information
| 1. 2021/22 PSP Vesting
2. RSP Vesting
| ||||||||||||||||
| e) | Date of the transaction | 2024-06-28 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 3. Subsequent sale of 264,851 shares acquired under the 2021/22 PSP award to cover the tax and NI liability, with 295,068 shares retained.
4. Subsequent sale of 95,590 shares acquired under the RSP award to cover the tax and NI liability, with 106,497 shares retained. | ||||||||||||||||
| c) | Price(s) and volume(s) | 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| d) | Aggregated information
| 3. Subsequent sale of shares acquired under the PSP.
4. Subsequent sale of shares acquired under the RSP.
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-02 | ||||||||||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 5. Award of conditional shares pursuant to the Marks and Spencer Performance Share Plan. 6. Award of conditional shares pursuant to the Marks and Spencer Group Deferred Share Bonus Plan. | ||||||||||||||||
| c) | Price(s) and volume(s) | 5. PSP Award
6. DSBP Award
| ||||||||||||||||
| d) | Aggregated information
| 5. PSP Award
6. DSBP Award
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-03 | ||||||||||||||||
| f) | Place of the transaction | Grant of conditional shares outside a trading venue | ||||||||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
| a) | Name | M Lemming | ||||||||||||||||
| 2 | Reason for the notification | |||||||||||||||||
| a) | Position/status | PDMR (Managing Director of International) | ||||||||||||||||
| 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 1p shares
ISIN: GB0031274896 | ||||||||||||||||
| b) | Nature of the transaction | 1. Award of conditional shares pursuant to the Marks and Spencer Performance Share Plan. 2. Award of conditional shares pursuant to the Marks and Spencer Group Deferred Share Bonus Plan. | ||||||||||||||||
| c) | Price(s) and volume(s) | 1. PSP Award
2. DSBP Award
| ||||||||||||||||
| d) | Aggregated information
| 1. PSP Award
2. DSBP Award
| ||||||||||||||||
| e) | Date of the transaction | 2024-07-03 | ||||||||||||||||
| f) | Place of the transaction | Grant of conditional shares outside a trading venue | ||||||||||||||||
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