Director/PDMR Shareholding

RNS Number : 7075G

Sainsbury(J) PLC

04 February 2010

 



4 February 2010

J Sainsbury plc

Purchase of ordinary shares of 28 ⁴/₇ pence in J Sainsbury plc ('Shares' and the 'Company', respectively) by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs) under the Sainsbury's Share Purchase Plan ('SSPP').

The Company was notified on 4 February 2010 that the following Directors and other Persons Discharging Managerial Responsibility for the Company acquired Shares under the SSPP on 4 February 2010 held through HSDL Nominees Limited - SIP (the 'Trustee'):

Director	Number of Partnership shares purchased at 327.09 pence per share	Number of Matching Shares allocated	Total holding following notification
Justin King	35	9	1,573,957
Darren Shapland	36	9	787,440
Person Discharging Managerial Responsibility
Gwyn Burr	35	9	366,633
Tim Fallowfield	36	9	332,737
Neil Sachdev	35	9	48,749

The SSPP operates as follows

·     Each month the Trustee uses participants' contributions (which may not exceed £115 per participant per four weekly period) to purchase Shares in the market.  These shares are called 'Partnership Shares'.

·     At the same time the Company allocated to participants via the Trustee one share for every four Partnership Shares purchased that four weekly period. These shares are called 'Matching Shares'.

 

END

 

 

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