Director/PDMR Shareholding

RNS Number : 8614P

Sainsbury(J) PLC

22 November 2016

 

22 November 2016

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the 'Company') provides notification of the release of the first tranche of a Conditional Share Award granted to Edward Barker, Interim Chief Financial Officer, under the J Sainsbury plc Conditional Share Award Plan. The Conditional Share Award was granted to Edward Barker on 20 November 2014 over 41,384 ordinary shares of 28⁴/₇ pence each in the Company ('Shares').

PDMR	Number of Shares Vested	Number of Shares Sold
Edward Barker	41,384	41,384

(1)   19,490 Shares were sold on 21 November 2016 to cover tax withholdings. The Shares were sold on the London Stock Exchange at an average price of £2.345 per Share. 

(2)   Edward Barker sold the remaining 21,894 Shares on 22 November 2016 on the London Stock Exchange at a price of £2.37 per Share.

The Notification of Dealing Forms can be found below.

This notification is made in accordance with the EU Market Abuse Regulation.

For further information please contact:

Lucy Glover

Senior Assistant Company Secretary

Tel: [phone]

Notification of dealing forms

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Edward Barker
2	Reason for the notification
a)	Position/status	Interim Chief Financial 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	N/A
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
a)	Description of the financial instrument, type of instrument Identification code		Ordinary shares of 284/7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Release of a Conditional Share Award.  Sale of shares to cover tax withholdings.
c)	Price(s) and volume(s)		Price(s) Volume(s) £2.345 19,490
d)	Aggregated information - Aggregated volume - Price		Aggregate Price Aggregate Volume Aggregate Total £2.345 19,490 £45,704.05
e)	Date of the transaction		21 November 2016 (UTC +1)
f)	Place of the transaction		XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Edward Barker
2	Reason for the notification
a)	Position/status	Interim Chief Financial 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	N/A
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
a)	Description of the financial instrument, type of instrument Identification code		Ordinary shares of 284/7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Sale of shares following the release of a Conditional Share Award.
c)	Price(s) and volume(s)		Price(s) Volume(s) £2.37 21,894
d)	Aggregated information - Aggregated volume - Price		Aggregate Price Aggregate Volume Aggregate Total £2.37 21,894 £51,888.78
e)	Date of the transaction		22 November 2016 (UTC +1)
f)	Place of the transaction		XLON

 

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