19 Jun 2018 17:25
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').
Restricted Share PlanIt was confirmed on 19 June 2018 that on 18 June 2018 awards were made under the Marks and Spencer Group Restricted Share Plan to Stuart Machin, Food Managing Director.
These awards were granted as conditional shares at a share price of £3.03 and will vest in two tranches over two years following the date of grant, subject to Stuart's continued employment with the Company. The value of dividends accrued, in the form of dividend equivalents, will be paid at the end of the relevant vesting period.The 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 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 | Acquisition of shares through the Company's Restricted Share Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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N/A | ||||
e) | Date of the transaction | 18 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue |