Director/PDMR Shareholding
Director/PDMR Shareholding
Marks and Spencer Group plc (the 'Company') announces that on 5 December 2024 it was notified of the following transactions in the Company's Ordinary 1p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs'):
The following individuals were granted options to buy ordinary shares in the Company ('shares') at an option price of £3.03 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 £3.03 |
S Berendji | 3 years | 2,887 |
A Freudmann | 3 years | 2,887 |
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 £500 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 UK Market Abuse Regulations.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | S Berendji | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Operations 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 1p shares
ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Grant 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 | 2024-12-05 | ||||
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 Freudmann | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR (Managing 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 | 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 1p shares
ISIN: GB0031274896 | ||||
b) | Nature of the transaction | Grant 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 | 2024-12-05 | ||||
f) | Place of the transaction | Grant of the options occurred outside a trading venue | ||||
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