Last checked at 11 Jun 2008 15:23
Issued: 11 June 2008
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 10 June 2008 that on 9 June 2008 the following awards under the Marks and Spencer Group Performance Share Plan were made to PDMRs of the Company:
| Directors | Allocation of Performance Shares (see Note below) |
| Sir Stuart Rose | 1,184,486 |
| Kate Bostock | 262,054 |
| Ian Dyson | 530,660 |
| Steven Esom | 280,398 |
| Steven Sharp | 592,243 |
Note: Under the Performance Share Plan, awards are granted as a conditional allocation, where a participant will receive free ordinary shares in the Company on the vesting of an award subject to continuing employment. The vesting of an award will depend on the Company's adjusted earnings per share ("EPS") performance over a fixed three-year performance period starting on the first day of the financial year in which the awards were granted. For the purposes of this calculation the grant was made at a share price of 381.6p
2. Deferred Share Bonus Plan
It was confirmed on 10 June 2008 that on 9 June 2008 the following awards under the Marks and Spencer Group Deferred Share Bonus Plan were made to the following PDMRs of the Company:
| Directors | Allocation of Deferred Bonus Shares (see Note below) |
| Steven Esom | 65,513 |
Note:
The above award was a one-off bonus as part of Steven Esom's contractual agreement on recruitment. For the purposes of this calculation the grant was made at a share price of 381.6p. The shares will be held for 3 years. There will be no match paid against these deferred shares, although the value of dividends accrued, either in the form of dividend equivalents, will be paid at the end of the period.
3. Shareholdings of PDMRs
| Directors | Total Holding of Ordinary Shares | Total Percentage Holding |
| Sir Stuart Rose | 750,416 | De minimis |
| Kate Bostock | 71,086 | De minimis |
| Ian Dyson | 100,000 | De minimis |
| Steven Esom | 24,360 | De minimis |
| Steven Sharp | 83,643 | De minimis |
The above information has been disclosed under DTR 3.1.4
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