Director/PDMR Shareholding

RNS Number : 9911B

Sainsbury(J) PLC

15 June 2021

 

15 June 2021

J Sainsbury plc

(the 'Company')

Directors/PDMRs Shareholding

On 14 June 2021, Paula Nickolds, a Person Discharging Managerial Responsibility ('PDMR'), was granted awards under the J Sainsbury plc Long Term Incentive Plan 2016 as set out below.

Win In Food Award ('WIF')

Paula was granted nil-cost options over ordinary shares of 28 ⁴ / ₇  pence each in the Company ('Shares') as set out below:

PDMR	Core Award Number of Shares	Maximum Award Number of Shares
Paula Nickolds	116,984	467,936

(1) The WIF is subject to performance conditions measured over three financial years. The WIF will normally vest after three years, subject to the achievement of the performance conditions.

(2)  Should maximum vesting be achieved, Paula would receive four times the number of Shares of her core award.

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

Share Award

As part of Paula's joining arrangements, she was also granted a share award over 57,883 Shares. The award will vest in two tranches, 50% in June 2022 and 50% in June 2023.

The Notification of Dealing Forms can be found below.

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

For further information please contact:

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	Paula Nickolds
2	Reason for the notification
a)	Position/status	General Merchandise and Clothing 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
	Transaction 1
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	Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil	467,936
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue
	Transaction 2
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	Awards of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil	57,883
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

 

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