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30 Jul 2018 17:30
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 2018/19 As reported within the Company's Annual Report on 7 June 2018, 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 30 July 2018 that, on 27 July 2018, awards under the PSP were made to the ten PDMRs of the Company.
These awards were granted as conditional shares, the vesting of which is subject to the satisfaction of certain predetermined performance conditions, as well as the continued employment of the participant. Specifically, the vesting of the award 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 award was granted. On vesting, the award is 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 award and no price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of £3.093.
Restricted Share PlanIt was confirmed on 30 July 2018 that, on 27 July 2018, awards were made under the Marks and Spencer Group Restricted Share Plan to eight PDMRs of the Company.
These awards were granted as conditional shares and will vest on the third anniversary of the date of grant, subject to continued employment with the Company. On vesting, the award is 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 vesting period. No consideration was paid for the grant of the award and no price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of £3.093.
Notifications
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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 Singer | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Chief Financial 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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, Operations & Property 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 Machin | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Food Managing 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 McDonald | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Clothing, Home & Beauty Managing 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 and Head of Corporate Governance) | ||||
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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Award of options pursuant to the Marks and Spencer Group plc Performance Share Plan (PSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
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, Operations & Property 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant 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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant 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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant 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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant occurred outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | S Machin | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Food Managing 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant occurred outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | J McDonald | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Clothing, Home & Beauty Managing 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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant 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 and Head of Corporate Governance) | ||||
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 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant 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 instrument Identification code | Ordinary 25p shares ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Awards pursuant to the Marks and Spencer Group plc Restricted Share Plan (RSP) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume Price
| n/a (single transaction) | ||||
e) | Date of the transaction | 2018-07-27 | ||||
f) | Place of the transaction | Grant occurred outside a trading venue | ||||
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