5th Apr 2006 09:23
Marks & Spencer Group PLC05 April 2006 Issued - 5 April 2006 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY The information contained is disclosed under DR 3.1.4R(1) and, in accordancewith section 324 (as extended by section 328) of the Companies Act 1985. In accordance with his terms and conditions as Deputy Chairman, Lord Burnsinformed the Marks and Spencer Group plc (the "Company") on 4 April 2006----that he had acquired in London 1073 Ordinary shares of 25p each on 3 April 2006at a price of 558.77 pence per share. The registered holder for these shares isPershing Keen Nominees Limited. Further details of this transaction are givenbelow. The Company was also informed on 4 April 2006 that Lord Burns acquired inLondon, 19 Ordinary shares of 25p each on 13 January 2006 at a price of 488.9pence each, under the Company's Dividend Reinvestment Plan in respect of thedividend paid on 13 January 2006. The registered holder for these shares isPershing Keen Nominees Limited. His total shareholding following these transactions is 6618 shares. Quarterly Share Purchase On 25 January 2006 Lord Burns requested to purchase Ordinary Shares of 25p eachin the Company on a regular basis using approximately 25% of his net income fromthe Company. The Company was not in a close period and Lord Burns does notretain discretion as to the timing or the size of the purchases. Hisappointment letter binds him to make purchases of a particular monetary value onparticular dates as given below: Date of Purchase* Value of Shares Period covered by Purchase1 April 2006 £6,000 January to March 20061 July 2006 £6,000 April to June 20061 October 2006 £15,000 July to September 20061 January 2007 £15,000 October to December 2006 Then to purchase £15,000 of shares on 1st of the month of each subsequent quarter * Purchases to be made on 1st of the month or next dealing day as appropriate No subsequent permission will be required to be sought for quarterly dealings asgiven above. However, any variation to this arrangement would be brought backto the Company's Shares and Dealing Committee for approval at a time which isnot during a close period. For further information please call Anthony Clarke - Corporate Governance - 020 8718 9940 Sue Sadler - Corporate Press office - 020 8718 8642 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marks & Spencer