REG - Sainsbury(J) PLC - Director/PDMR Shareholding

J SainsburyAnnouncement

20/03/2019 15:30

RNS Number : 4875T
Sainsbury(J) PLC
20 March 2019
 


20 March 2019
 
 
 
 
J Sainsbury plc
 
Director/PDMR Shareholding
 
J Sainsbury plc (the "Company") was notified that, on 18 March 2019, shares were released to the following Person Discharging Managerial Responsibility ("PDMR") granted under the J Sainsbury plc Bonus Share Award 2011. The award was granted on 12 May 2016 as a conditional share award over ordinary shares of 284/7 pence each in the Company (the "Shares").  There were no performance conditions applicable on the award, vesting was only subject to Clodagh Moriarty's continued service with the Company. The Shares were automatically released on the date of vesting, with sufficient Shares sold to cover tax withholding obligations only.
 



PDMR


Number of Shares Released
 


Number of Shares sold (1)


Number of Shares retained




Clodagh Moriarty


10,711


5,045 (2)


5,666
 



 
(1)   The Shares were sold on the London Stock Exchange at an average price of £2.27 per Share.
(2)   Sufficient Shares were sold to cover tax withholding obligations and the balance was retained.
 
 
The Notification of Dealing Form can be found below.
 
This notification is made in accordance with the requirements of Article 19 of the Market Abuse Regulation.
 
 
For further information please contact:
 
Lucy Glover
Senior Assistant Company Secretary
+44 (0)20 7695 8066
 




 
 
Notification of dealing form



1


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Clodagh Moriarty
 




2


Reason for the notification
 




a)


Position/status


Group Chief Digital Officer
 




b)


Initial notification /Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)


Name


J Sainsbury plc
 




b)


LEI


213800VGZAAJIKJ9Y484
 




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


Ordinary shares of 284/7 pence each
 
 




Identification code


ISIN: GB00B019KW72
 




b)


Nature of the transaction


Release of shares under the J Sainsbury plc Bonus Share Award 2011
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




£2.271798


10,711




d)


Aggregated information
 


Aggregated price


Aggregated volume




N/A


N/A




e)


Date of the transaction


18 March 2019
 




f)


Place of the transaction


London Stock Exchange (XLON)



 
 
 




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