Marks and Spencer Group PLC Director/PDMR Shareholding
26 Marzo 2024 - 9:07AM
RNS Regulatory News
RNS Number : 3853I
Marks and Spencer Group PLC
26 March 2024
Director/PDMR
Shareholding
Marks and Spencer Group plc (the 'Company')
announces that on 26 March 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 of an award
granted on 9 December 2022 (as previously announced by the Company)
to Alex Freudmann under the Company's Restricted Share Plan, and
subsequent sale of shares to satisfy the tax and National Insurance
liabilities arising as set out below. The Company requires Alex to
have an equity position of 100% of salary within 5 years of
appointment.
2. Vesting of an award
granted on 21 March 2022 to Mark Lemming under the Company's
Restricted Share Plan ('RSP'), and subsequent sale of shares to
satisfy the tax and national insurance liabilities arising as set
out below. The award was granted in lieu of a share award he would
have received from his previous role with Kingfisher plc. The
Company requires Mark to have an equity position equivalent to 100%
of salary within 5 years of appointment.
|
|
PDMR
|
Shares vested
on 25 March 2024
|
Shares sold to
cover tax and NI
|
Shares
retained by individual
|
|
1.
|
A Freudmann
|
398,997
|
189,038
|
209,959
|
|
2.
|
M Lemming
|
73,806
|
34,969
|
38,837
|
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
|
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 398,997 shares
awarded under the RSP.
2. Subsequent sale of 189,038
shares acquired under the RSP award to cover the tax and NI
liability, with 209,959 shares retained.
|
|
c)
|
Price(s) and volume(s)
|
1. Vesting
|
Price(s)
|
Volume(s)
|
|
£0.01
|
398,997
|
2. Sale
|
Price(s)
|
Volume(s)
|
|
£2.4977
|
189,038
|
|
|
d)
|
Aggregated information
|
1. Vesting
|
Price(s)
|
Volume(s)
|
Total
|
|
£0.01
|
398,997
|
£3,989.97
|
2. Sale
|
Price(s)
|
Volume(s)
|
Total
|
|
£2.4977
|
189,038
|
£472,160.21
|
|
|
e)
|
Date of the transaction
|
2024-03-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
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. Vesting of 73,806 shares
awarded under the RSP.
2. Subsequent sale of 34,969
shares acquired under the RSP award to cover the tax and NI
liability, with 38,837 shares retained.
|
|
c)
|
Price(s) and volume(s)
|
1. Vesting
|
Price(s)
|
Volume(s)
|
|
£0.01
|
73,806
|
2. Sale
|
Price(s)
|
Volume(s)
|
|
£2.4977
|
34,969
|
|
|
d)
|
Aggregated information
|
1. Vesting
|
Price(s)
|
Volume(s)
|
Total
|
|
£0.01
|
73,806
|
£738.06
|
2. Sale
|
Price(s)
|
Volume(s)
|
Total
|
|
£2.4977
|
34,969
|
£87,342.07
|
|
|
e)
|
Date of the transaction
|
2024-03-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
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