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

J SainsburyAnnouncement

13/01/2023 14:00

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RNS Number : 6768M  Sainsbury(J) PLC  13 January 2023

13 January 2023

 

J Sainsbury plc

 

Director/PDMR Shareholding

 

J Sainsbury plc (the "Company") was notified that, on 11 January 2023, 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 8 January 2020 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 Graham Biggart's
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

 Graham Biggart  54,405                     25,623 ((2))                 28,782 ((3))

 

(1)   The Shares were sold on the London Stock Exchange at an average price
of £2.406 per Share.

(2)   Sufficient Shares were sold to cover tax withholding obligations and
the balance was retained.

(3)   The retained Shares were transferred to a Closely Associated Person.

 

The Company was also notified that, on 11 January 2023, the following PDMR
sold Shares.

 

 PDMR              Date of sale      Number of Shares sold  Sale price

                                                            per Share

 Tim Fallowfield   11 January 2023   100,000                £2.415

 

The Notification of Dealing Forms for each PDMR 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

Senior 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                                                             Graham Biggart
 2       Reason for the notification

 a)      Position/status                                                  Chief Transformation 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

         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                                                                                                       54,405
 d)      Aggregated information                                           Aggregated price                          Aggregated volume

         N/A                                                                                                        N/A
 e)      Date of the transaction                                          11 January 2023
 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)
         £2.406                                                                                                     25,623
 d)      Aggregated information                                           Aggregated price                          Aggregated volume

         N/A                                                                                                        N/A
 e)      Date of the transaction                                          11 January 2023
 f)      Place of the transaction                                         London Stock Exchange (XLON)
         Transaction 3
 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                                        Transfer of remaining Shares to a Closely Associated Person.
 c)      Price(s) and volume(s)                                           Price(s)                                  Volume(s)
         £nil                                                                                                       28,782
 d)      Aggregated information                                           Aggregated price                          Aggregated volume

         N/A                                                                                                        N/A
 e)      Date of the transaction                                          11 January 2023
 f)      Place of the transaction                                         Outside a trading venue

Notification of dealing form

 1   Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                         Tim Fallowfield
 2   Reason for the notification

 a)  Position/status                                              Company Secretary and Corporate Services 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                                    Sale of Shares
 c)  Price(s) and volume(s)                                       Price(s)                     Volume(s)
     £2.415                                                                                    100,000
 d)  Aggregated information                                       Aggregated price             Aggregated volume

     N/A                                                                                       N/A
 e)  Date of the transaction                                      11 January 2023

 f)  Place of the transaction                                     London Stock Exchange (XLON)

 

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