Director/PDMR Shareholding

RNS Number : 4293L

Sainsbury(J) PLC

12 January 2021

 

12 January 2021

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the "Company") was notified that, on 11 January 2021, shares were released to the following Person Discharging Managerial Responsibility ("PDMR") granted under the J Sainsbury plc Long Term Incentive Plan 2016. The award was granted on 11 May 2018 over ordinary shares of 28⁴/₇ 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	43,174	20,333 (2)	22,841

(1)  The Shares were sold on the London Stock Exchange at an average price of £2.4001 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 the UK Market Abuse Regulation.

For further information please contact:

Dan Sek

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	Retail and Digital 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	Ordinary shares of 28 4 /7 pence each
	Identification code	ISIN: GB00B019KW72
b)	Nature of the transaction	Release of shares under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£2.4001	43,174
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	11 January 2021
f)	Place of the transaction	London Stock Exchange (XLON)

 

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