TIDMMKS

RNS Number : 4812W

Marks and Spencer Group PLC

12 December 2023

Director/PDMR Shareholding

Marks and Spencer Group plc (the 'Company') announces that on 11 December 2023 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):

Vesting of an award granted to Stuart Machin on 6 July 2020 under the Company's Restricted Share Plan ('RSP'), (details of which were announced on 6 July 2020), and subsequent sales of shares to satisfy the tax and National Insurance liabilities arising as set out below.

The Company requires Stuart Machin to have an equity position equivalent to 250% of salary within 5 years of appointment.

 
 Shares vested     Shares sold     Shares retained 
  on 11 December    to cover tax    by individual 
  2023              and NI 
     50,000           23,686           26,314 
                  --------------  ---------------- 
 

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) 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary 1p shares 
      instrument 
      Identification code                                        ISIN: GB0031274896 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 1. Vesting of 50,000 shares awarded under the 
                                                                Restricted Share Plan. 
 
                                                                2. Subsequent sale of 23,686 shares acquired under the 
                                                                RSP award to cover the tax and NI liability, 
                                                                with 26,314 shares retained. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    1. Vesting Price(s)    Volume(s) 
                                                                  GBP0.01     50,000 
                                                                             ---------- 
 
                                                                 2. Sale Price(s)      Volume(s) 
                                                                  GBP2.59296    23,686 
                                                                               ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              1. Vesting Price(s)   Volume(s)  Total 
                                                                  GBP0.01    50,000     GBP500.00 
        -   Price                                                           ----------  --------- 
 
                                                                 2. Sale Price(s)     Volume(s)  Total 
                                                                  GBP2.59296   23,686     GBP61,416.85 
                                                                              ----------  ------------ 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2023-12-11 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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END

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December 12, 2023 04:13 ET (09:13 GMT)

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