Marks & Spencer Group PLC Director/PDMR Shareholding (0367O)
August 15 2017 - 5:38AM
UK Regulatory
TIDMMKS
RNS Number : 0367O
Marks & Spencer Group PLC
15 August 2017
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that it
has been notified of the following transactions in the Company's
Ordinary 25p shares undertaken by directors / persons discharging
managerial responsibility ('PDMRs').
Performance Share Plan Award 2017/18
As reported within the Annual Report on 8 June 2017, the
Performance Share Plan ('PSP') continues to be Marks &
Spencer's primary long-term incentive plan for executives. As a
result, it was confirmed on 15 August 2017 that, on 14 August 2017,
the following awards under the PSP were made to the PDMRs of the
Company.
These awards were granted as conditional awards, the vesting of
which is subject to the satisfaction of certain predetermined
performance conditions, as well as the continued employment of the
participants. Specifically, the vesting of the awards will depend
on relative Total Shareholder Return (TSR) the Company's Earnings
Per Share (EPS) and Return On Capital Employed (ROCE) over a fixed
three-year performance period starting on the first day of the
financial year in which the awards were granted. On vesting, the
awards are subject to an additional, mandatory two-year holding
period. The value of dividends accrued, in the form of dividend
equivalents, will be paid at the end of the period (third
anniversary) based on the number of vested shares. No consideration
was paid for the grant of the awards and no price is payable on the
exercise of the awards. For the purposes of these awards, the grant
was made at a share price of GBP3.297.
The relevant notifications set out below are 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 S Rowe
--- ----------------------------------------------------- ----------------------------------------------------------
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 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 614,194
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name P Bousquet-Chavanne
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Executive Director, Customer, Marketing & M&S.com)
--- ----------------------------------------------------- ----------------------------------------------------------
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 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 414,012
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name H Weir
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Chief Finance 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 447,376
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name A Adcock
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Food 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 309,372
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred 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 (Retail 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 217,409
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 217,409
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name D Fry
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Communications & Investor Relations 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 143,785
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name D Guise
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (HR 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 266,909
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name J Jenkins
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Womenswear, Lingerie & Beauty 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 333,636
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name A Mellor
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Group Secretary)
--- ----------------------------------------------------- ----------------------------------------------------------
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 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 177,434
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name M Smith
--- ----------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status PDMR (Strategy 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 Ordinary 25p shares
instrument ISIN: GB0031274896
Identification code
--- ----------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Award of options pursuant to the Marks and Spencer Group
plc Performance Share Plan
--- ----------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Allotment Price(s) Maximum Number of Options / Shares
------------------- -----------------------------------
3.297 242,644
------------------- -----------------------------------
--- ----------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume n/a (single transaction)
------------------
- Price
------
--- ----------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2017-08-14
--- ----------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction Grant of the options occurred outside a trading venue
--- ----------------------------------------------------- ----------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 15, 2017 05:38 ET (09:38 GMT)
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