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Marks & Spencer Grp (MKS)

Marks & Spencer Grp

Director/PDMR Shareholding
RNS Number : 5712W
Marks & Spencer Group PLC
11 December 2019
 

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').

On 10 December 2019, the following directors/PDMRs were granted options to buy ordinary shares in the Company ('shares') at an option price of £1.51 per share under the terms of the Marks and Spencer Group plc Sharesave scheme.

Name

Savings Term

Number of shares over which option granted at £1.51

Steve Rowe

3 years

5,960

Sacha Berendji

3 years

5,960

Paul Friston

3 years

5,960


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.

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

Steve 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 Sharesave Scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1.51

5,960

 

d)

Aggregated information

-

Aggregated volume

-

Price

n/a (single transaction)

e)

Date of the transaction

2019-12-10

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

Sacha 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 Sharesave Scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1.51

5,960

 

d)

Aggregated information

-

Aggregated volume

-

Price

n/a (single transaction)

e)

Date of the transaction

2019-12-10

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

Paul Friston

2

Reason for the notification

a)

Position/status

PDMR (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 25p shares

 

ISIN: GB0031274896

b)

Nature of the transaction

Award of options pursuant to the Marks and Spencer Group plc Sharesave Scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1.51

5,960

 

d)

Aggregated information

-

Aggregated volume

-

Price

n/a (single transaction)

e)

Date of the transaction

2019-12-10

f)

Place of the transaction

Grant of the options occurred outside a trading venue

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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