20 Nov 2015 16:31
Marks and Spencer Group plc Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1. Sharesave
On 19 November 2015, under the terms of the Marks and Spencer Group plc Sharesave scheme, the following director/PDMR was granted options to buy ordinary shares in the Company ("Shares") at an option price of £4.32 per share.
Name | Savings Term | Number of Shares over which option granted at £4.32 |
Helen Weir | 3 years | 2,083 |
Please note: The Sharesave scheme is an all employee HMRC approved Save As You Earn Scheme. Marks and Spencer employees can save an amount up to a maximum of £250 per month, either in one scheme or across a number of schemes, over a period of three years. At the end of the period the amount saved can be used to buy Shares at a price set at the start of the relevant scheme saving period. Employees can withdraw their participation at any time and have their money returned to them. The options to buy Shares are normally exercisable for 6 months from the end of the savings term.
2. Shareholdings of Directors/PDMRs
Director | Total Holding of Ordinary Shares | Total Percentage Holding in the Company |
Helen Weir | 4,500 | De minimis |
The above holdings are at 20 November 2015, being the date of this announcement, and include holdings for Connected Persons.
The above information has been disclosed under DTR 3.1.4
For queries please contact:
Corporate PR: +44 (0)20 8718 1919
Marks & Spencer (MKS)