Marks & Spencer Regulatory News (MKS)

2 Jan 2008 13:59

Marks & Spencer Group PLC02 January 2008 Issued 2 January 2008 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY The information contained is disclosed under DTR 3.1.4R(1). In accordance with his terms and conditions as Chairman, Lord Burns informedMarks and Spencer Group plc (the "Company") on 2 January 2008 that he hadacquired in London 2664 ordinary shares of 25p each on 2 January 2008 at a priceof £5.62per share. The registered holder for these shares is Pershing KeenNominees Limited. Further details of this transaction are given below. His total shareholding following this transaction is 22,227 shares. Additional information 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 20062 April 2007 £15,000 January to March 2007 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 Andrew Green Corporate Governance 020 8718 9984 This information is provided by RNS The company news service from the London Stock Exchange