Sainsbury(J) PLC
19 January 2006
19 January 2006
Share award under 2005 Share Plan
Following the appointment of Roger Burnley as Supply Chain Director and member
of the Operating Board on 3 January 2006 the Company granted the following share
award.
J Sainsbury plc Share Plan 2005
Date of Grant Core Share Award Personal Share Maximum Share Award Last Exercise Date
Investment
18 January 06 66,752 51,741 540,724 23 March 2010
(1) (3) (4)
(1) Core Share Award is a pro rated award over the four-year performance
period from the date of appointment.
(2) The Core Award and Personal Investment Award have been calculated according
to the closing mid-market share price averaged over the 90 day period
preceding 3 January 2006, 289.9p.
(3) The maximum share award excludes the personal investment shares acquired by
Roger which must be held for the duration of the plan and assumes that the
performance conditions are met in full.
(4) The performance conditions will be determined in 2009 at the end of the
four year performance period. If the performance conditions are on track to
reach the maximum award multiplier at the end of year three then there is
an opportunity for early exercise over a maximum of 270,362 ordinary
shares. The first exercise date will be on 14 May 2008 following the
Preliminary Results announcement being made.
It is Roger's intention to make the maximum personal investment of 51,741 shares
in J Sainsbury plc under the conditions of the share plan.
Enquiries:
Investor Relations Media
Lynda Ashton Pip Wood
+44 (0) 20 7695 7162 +44 (0) 20 7695 6127
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