Director/PDMR Shareholding

RNS Number : 4875T

Sainsbury(J) PLC

20 March 2019

 

20 March 2019

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the "Company") was notified that, on 18 March 2019, shares were released to the following Person Discharging Managerial Responsibility ("PDMR") granted under the J Sainsbury plc Bonus Share Award 2011. The award was granted on 12 May 2016 as a conditional share award 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 Clodagh Moriarty's continued service with the Company. 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
Clodagh Moriarty	10,711	5,045 (2)	5,666

(1)   The Shares were sold on the London Stock Exchange at an average price of £2.27 per Share.

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

The Notification of Dealing Form can be found below.

This notification is made in accordance with the requirements of Article 19 of the Market Abuse Regulation.

For further information please contact:

Lucy Glover

Senior Assistant Company Secretary

[phone]

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clodagh Moriarty
2	Reason for the notification
a)	Position/status	Group Chief Digital 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
a)	Description of the financial instrument, type of instrument	Ordinary shares of 284/7 pence each
	Identification code	ISIN: GB00B019KW72
b)	Nature of the transaction	Release of shares under the J Sainsbury plc Bonus Share Award 2011
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£2.271798	10,711
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	18 March 2019
f)	Place of the transaction	London Stock Exchange (XLON)

 

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