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').
This award was granted as a nil cost option, where a participant will normally be entitled to exercise their award and receive free shares between the third and tenth anniversary of grant, subject to the extent to which performance conditions have been satisfied and their continuing employment 1. The vesting of the award will depend on the Company's Earnings Per Share (EPS), Return On Capital Employed (ROCE) and Cumulative Free Cash Flow over a fixed three-year performance period starting on the first day of the financial year in which the award was granted. The value of dividends accrued, in the form of dividend equivalents, will be paid at the end of period (third anniversary) based on the number of vested shares. No consideration was paid for the grant of the award. 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 £3.28.
1 P Bousquet-Chavanne's award is structured as conditional shares which vest on the third anniversary of grant.
| Name of Participant | Share Price | Form of Award | Vesting Date | Maximum Number of Options / Shares |
| S Rowe | 3.28 | Nil Cost Option | 05.12.2019 | 555,640 |
| P Bousquet-Chavanne | 3.28 | Conditional Award | 05.12.2019 | 374,542 |
| H Weir | 3.28 | Nil Cost Option | 05.12.2019 | 404,725 |
| A Adcock | 3.28 | Nil Cost Option | 05.12.2019 | 310,975 |
| S Berendji | 3.28 | Nil Cost Option | 05.12.2019 | 218,536 |
| P Friston | 3.28 | Nil Cost Option | 05.12.2019 | 218,536 |
| D Fry | 3.28 | Nil Cost Option | 05.12.2019 | 192,707 |
| D Guise | 3.28 | Nil Cost Option | 05.12.2019 | 268,292 |
| J Jenkins | 3.28 | Nil Cost Option | 05.12.2019 | 323,500 |
| A Mellor | 3.28 | Nil Cost Option | 05.12.2019 | 237,804 |
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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| 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 | N/A | ||||
| 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 Award
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-12-05 | ||||
| f) | Place of the transaction | Grant of the options occurred outside a trading venue | ||||