Director/PDMR Shareholding

RNS Number : 0192M

Sainsbury(J) PLC

10 July 2014

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

J Sainsbury plc

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). 

(i)

3. Name of person discharging managerial responsibilities/director

Michael Andrew Coupe

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N.A.

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest¹

Michael Andrew Coupe

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares 28 ⁴/₇p each

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Michael Andrew Coupe

8. State the nature of the transaction

Awards have been granted under J Sainsbury Long term incentive plan 2006.

9. Number of shares, debentures or financial instruments relating to shares acquired          

N.A.

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N.A.

11. Number of shares, debentures or financial instruments relating to shares disposed        

N.A.

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N.A.

13. Price per share or value of transaction                       

N.A.

14. Date and place of transaction

N.A.

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

960,487  shares (remains unchanged following this announcement)

16. Date issuer informed of transaction

N.A.

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

10 July 2014                                                    

18. Period during which or date on which it can be exercised

May 2017 - May 2019

19. Total amount paid (if any) for grant of the option

nil

20. Description of shares or debentures involved (class and number)

Ordinary shares 28 4/7p each

Core award 62,045 shares, maximum award 248,180 shares

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

nil

22. Total number of shares or debentures over which options held following notification

23. Any additional information

·      Awards have been granted under J Sainsbury Long term incentive plan 2006 which is a nil cost option plan.

·      A core award of shares is granted, which would become exercisable if the performance conditions are met in full at the end of the performance period. The core award could be multiplied up to four times.

·      The notification that we were to make this award was made within the stock exchange announcement made on 29 January 2014 and within the Annual Report and Financial Statements 2014.

24. Name of contact and telephone number for queries

Hazel Jarvis     020 7695 6378

Name and signature of duly authorised officer or issuer responsible for making notification

Hazel Jarvis

DATE OF NOTIFICATION 10 July 2014

 

END

 

 

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