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 24 November 2016, the following directors/PDMRs were granted options to buy ordinary shares in the Company ('shares') at an option price of £2.60 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 £2.60 |
| Steve Rowe | 3 years | 3,461 |
| Helen Weir | 3 years | 3,461 |
| Andy Adcock | 3 years | 3,461 |
| Sacha Berendji | 3 years | 3,461 |
| Paul Friston | 3 years | 3,461 |
| Dominic Fry | 3 years | 3,461 |
On 28 November 2016, the following directors/PDMRs acquired a further interest in the Company's shares as a result of their participation in the Company's all-employee Share Incentive Plan.
| Name
| Number of Partnership Shares Acquired
| Partnership Share Price (£) |
| Andy Adcock | 46 | 3.294 |
| Paul Friston | 46 | 3.294 |
| Sacha Berendji | 46 | 3.294 |
The following PDMRs cancelled options to purchase shares previously granted pursuant to the Marks and Spencer Group plc Sharesave scheme:
| Name
| Scheme
| Number of options |
| Helen Weir | 2015 | 2,083 |
| Andy Adcock | 2015 | 2,083 |
| Paul Friston | 2014 | 2,439 |
| Sacha Berendji | 2013 | 2,222 |
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 | 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 | Helen 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 | Andy Adcock | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Director of Food) | ||||
| 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 (Director of Retail) | ||||
| 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 | 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 | Dominic Fry | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Director of Communications and Investor Relations) | ||||
| 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 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-24 | ||||
| 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 | Andy Adcock | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Director of Food) | ||||
| 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 | Acquisition of Partnership Shares through the Company's Share Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-28 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Sacha Berendji | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Director of Retail) | ||||
| 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 | Acquisition of Partnership Shares through the Company's Share Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-28 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 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 | 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 | Acquisition of Partnership Shares through the Company's Share Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| n/a (single transaction) | ||||
| e) | Date of the transaction | 2016-11-28 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||