REG - Sainsbury(J) PLC - Director/PDMR Shareholding
RNS Number : 4293LSainsbury(J) PLC12 January 202112 January 2021
J Sainsbury plc
Director/PDMR Shareholding
J Sainsbury plc (the "Company") was notified that, on 11 January 2021, shares were released to the following Person Discharging Managerial Responsibility ("PDMR") granted under the J Sainsbury plc Long Term Incentive Plan 2016. The award was granted on 11 May 2018 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
43,174
20,333 (2)
22,841
(1) The Shares were sold on the London Stock Exchange at an average price of £2.4001 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 the UK Market Abuse Regulation.
For further information please contact:
Dan Sek
Assistant Company Secretary
+44 (0)20 7695 2707
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
Retail and Digital Director
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 Long Term Incentive Plan 2016
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£2.4001
43,174
d)
Aggregated information
Aggregated price
Aggregated volume
N/A
N/A
e)
Date of the transaction
11 January 2021
f)
Place of the transaction
London Stock Exchange (XLON)
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