Director/PDMR Shareholding

RNS Number : 8597O

Sainsbury(J) PLC

14 June 2022

 

14 June 2022

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the "Company") was notified that, on 14 June 2022, 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 14 June 2021 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 Paula Nickolds' continued service with the Company. 50% of 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
Paula Nickolds	28,941	13,993 (2)	14,948

(1)  The Shares were sold on the London Stock Exchange at an average price of £2.0360 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	Paula Nickolds
2	Reason for the notification
a)	Position/status	General Merchandise & 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	Release of Shares under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil	28,941
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	14 June 2022
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	Sale of sufficient Shares to cover tax withholding obligations arising on release of the aforesaid Shares under the J Sainsbury plc Long Term Incentive Plan 2016
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£2.0360	13,993
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	14 June 2022
f)	Place of the transaction	London Stock Exchange (XLON)

 

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