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

J SainsburyAnnouncement

14/06/2022 16:00

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RNS Number : 8597O  Sainsbury(J) PLC  14 June 2022

14 June 2022

 

J Sainsbury plc

 

Director/PDMR Shareholding

 

J Sainsbury plc (the "Company") was notified that, on 14 June 2022, 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 14 June 2021 over ordinary shares of 28(4)/(7) pence each
in the Company (the "Shares"). There were no performance conditions applicable
on the award; vesting was only subject to Paula Nickolds' continued service
with the Company. 50% of 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

 Paula Nickolds  28,941                     13,993 ((2))                 14,948

 

(1)   The Shares were sold on the London Stock Exchange at an average price
of £2.0360 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                                                             Paula Nickolds
 2       Reason for the notification

 a)      Position/status                                                  General Merchandise & Clothing Commercial 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

         Transaction 1
 a)      Description of the financial instrument, type of instrument      Ordinary shares of 28(4)/(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)
         £nil                                                                                                       28,941
 d)      Aggregated information                                           Aggregated price                          Aggregated volume

         N/A                                                                                                        N/A
 e)      Date of the transaction                                          14 June 2022
 f)      Place of the transaction                                         Outside a trading venue
         Transaction 2
 a)      Description of the financial instrument, type of instrument      Ordinary shares of 28(4)/(7) pence each

         Identification code                                              ISIN: GB00B019KW72

 b)      Nature of the transaction                                        Sale of sufficient Shares to cover tax withholding obligations arising on
                                                                          release of the aforesaid Shares under the J Sainsbury plc Long Term Incentive
                                                                          Plan 2016

 c)      Price(s) and volume(s)                                           Price(s)                                  Volume(s)
         £2.0360                                                                                                    13,993
 d)      Aggregated information                                           Aggregated price                          Aggregated volume

         N/A                                                                                                        N/A
 e)      Date of the transaction                                          14 June 2022
 f)      Place of the transaction                                         London Stock Exchange (XLON)

 

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