26th Jul 2005 14:39
Marks & Spencer Group PLC26 July 2005 Issued: Tuesday 26 July 2005 Marks and Spencer Group plc ("Marks & Spencer" or the "Company") Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ("PDMRS") and Connected Persons 1. Performance Share Plan It was confirmed on 25 July 2005 that on that day the following awards under theMarks and Spencer Group Performance Share Plan (the "Performance Share Plan")were made to Directors and to Persons Discharging Managerial Responsibility("PDMRs") of the Company: Name of Director Allocation of Performance Shares (see Note below) Ian Dyson 234,146Stuart Rose 473,868 Name of PDMR Allocation of Performance Shares (see Note below) Kate Bostock 117,073Keith Cameron 114,983Guy Farrant 119,164Fiona Holmes 71,080Flic Howard-Allen 73,171Matthew Hudson 71,080Stuart McIvor 83,624Andrew Moore 62,718Graham Oakley 173,937Steve Rowe 71,080Steve Sharp 234,146Andrew Skinner 83,624Anthony Thompson 116,237Alastair Tipple 58,537John Walton 83,624Chris Williams 81,533Richard Wolff 75,261 Note: Under the Performance Share Plan, awards are granted as a conditionalallocation, where a participant will receive free Ordinary Shares in the Companyon the vesting of an award subject to continuing employment. The vesting of anaward will depend on the Company's adjusted earnings per share ("EPS")performance over a fixed three-year performance period starting on the first dayof the financial year in which the awards were granted. The adjusted EPS growth will be determined by comparing the Company's adjustedEPS for the financial year prior to the grant of awards with its adjusted EPSfor the third financial year thereafter. Adjusted EPS will be calculated on thesame basis as stated in the Company's annual report and accounts (note 9, page39) except in the case of the 2004/05 figure which has been calculated on a"pro-forma" basis. The pro-forma EPS figure for 2004/05 is 23.5p against the standard adjusted EPSof 21.9p. These figures are calculated under UK GAAP. However, as subsequentperiods will be reported under IFRS, the pro-forma EPS figure will need to berestated onto an IFRS basis to ensure comparability. The extent to which awards will vest will depend on the extent to which theCompany's average annual adjusted EPS growth exceeds inflation ("RPI") over thethree-year performance period on the following basis: Average Annual EPS Growth in excess of inflation (RPI) Percentage of awardover the three year performance period vestingBelow 8% 0%8% 20%15% or more 100%Between 8% and 15% Pro rata on a straight line basis No consideration was paid for the grant of any award. 2. Dividend Reinvestment Plan The Company was informed on 25 July 2005 that the following PDMRs and theirConnected Persons would acquire Marks and Spencer Group plc Ordinary shares of25p each, purchased in London at a price of 363.08p each, under the Company'sDividend Reinvestment Plan in respect of a dividend paid on 15 July 2005: Name of PDMR No. of Shares Acquired Guy Farrant 203Steven Sharp 511Lesley Sharp (wife of Steven Sharp) 8Anthony Thompson 387Sally Thompson (wife of Anthony Thompson) 20Alastair Tipple 90 3. PEPs The Company was informed on 25 July 2005 that on 18 July 2005, the followingPDMRs and their Connected Persons acquired Marks and Spencer Group plc OrdinaryShares of 25p each, purchased in London at a price of 360.75p each, as areinvestment of dividend in a PEP registered under the name of Marks & SpencerSavings and Investments Limited: Name of PDMR No. of Shares Acquired Fiona Holmes 31Christopher Holmes (husband of Fiona Holmes) 17Graham Oakley 20Richard Wolff 37 4. PDMRs' Holdings Following the above notifications, excluding any conditional allocation ofshares granted under the Performance Share Plan, the PDMRs' holdings, includingthose of their Connected Persons, are confirmed as follows: Name of PDMR Total Holding of Total Percentage Holding Ordinary Shares Guy Farrant 23,181 De minimisFiona Holmes 7,102 De minimisGraham Oakley 72,461 De minimisSteven Sharp 27,565 De minimisAnthony Thompson 20,206 De minimisAlastair Tipple 4,495 De minimisRichard Wolff 46,485 De minimis The above information has been disclosed under DR 3.1.4R(1) and, whereapplicable, in accordance with section 324 (as extended by section 328) of theCompanies Act 1985. For further information, please contact:Clair Foster Marks & Spencer Corporate PR 020 8718 8323Bella Pagdin Marks & Spencer Corporate PR 020 8718 1967 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marks & Spencer