Director/PDMR Shareholding

RNS Number : 5159M

Sainsbury(J) PLC

11 May 2020

 

11 May 2020

J Sainsbury plc

(the "Company")

Director/PDMR Shareholding

On 7 May 2020, the following Directors and Persons Discharging Managerial Responsibility (''PDMRs'') were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016.  The awards were granted as nil-cost options over ordinary shares of 28⁴/₇ pence each in the Company ("Shares") as set out below:

 Future Builder Awards ("FBA")

PDMRs	Core Award Number of Shares	Maximum Award Number of Shares
Kevin O'Byrne (Director)	165,093	660,372
Jim Brown	124,309	497,236
Tim Fallowfield	84,756	339,024
Philip Jordan	141,260	565,040
Paul Mills-Hicks	122,363	489,452
Clodagh Moriarty	113,008	452,032
Angie Risley	101,112	404,448
Simon Roberts	256,291	1,025,164

(1)  The FBA are subject to performance conditions measured over three financial years. The FBA will normally vest in two tranches, 50% after 3 years and 50% after 4 years, subject to the achievement of the performance conditions. 

(2)  The FBA for Simon Roberts and Kevin O'Byrne is subject to an additional retention period meaning that any vested FBA will be released five years after the date of grant. 

(3)  The FBA for Simon Roberts reflects his appointment to Chief Executive Officer, effective 1 June 2020.

(4)  Should maximum vesting be achieved, participants would receive four times the number of Shares of their core award.

(5)  Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(6)  The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.

Deferred Share Awards ("DSA")

PDMRs	Number of Shares
Mike Coupe (Director)	238,607
Kevin O'Byrne (Director)	129,331
Jim Brown	71,214
Tim Fallowfield	61,610
Philip Jordan	94,674
Paul Mills-Hicks	94,674
Clodagh Moriarty	66,624
Angie Risley	78,231
Simon Roberts	110,362

(1)  The DSA were granted based on performance during the 2019/20 financial year.

(2)  The DSA vest following a two-year deferral period.

(3)  On leaving, the DSA for Mike Coupe will be pro-rated to reflect his period of employment during the deferral period.

(4)  Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(5)  The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.

The Notification of Dealing Forms for each PDMR can be found below.

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

Enquiries

Investor Relations: James Collins [phone]

Media: Rebecca Reilly [phone]

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Coupe
2	Reason for the notification
a)	Position/status	Chief Executive 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 28 4 /7 pence each
	Identification code		ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	238,607
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin O'Byrne
2	Reason for the notification
a)	Position/status	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	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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	789,703
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jim Brown
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Sainsbury's Bank
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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	568,450
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Fallowfield
2	Reason for the notification
a)	Position/status	Company Secretary and Corporate Services Director
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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	400,634
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Jordan
2	Reason for the notification
a)	Position/status	Chief Information 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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	659,714
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Mills-Hicks
2	Reason for the notification
a)	Position/status	Commercial Director
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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	584,126
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

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	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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	518,656
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Angie Risley
2	Reason for the notification
a)	Position/status	Group HR Director
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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	482,679
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Roberts
2	Reason for the notification
a)	Position/status	Retail and Operations Director
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 Identification code		Ordinary shares of 28 4 /7 pence each ISIN: GB00B019KW72
b)	Nature of the transaction		Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)		Price(s)	Volumes(s)
			£nil	1,135,526
d)	Aggregated information		Aggregated price	Aggregated volume
			N/A	N/A
e)	Date of the transaction		07 May 2020
f)	Place of the transaction		Outside a trading venue

 

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