Director/PDMR Shareholding

RNS Number : 6768M

Sainsbury(J) PLC

13 January 2023

 

13 January 2023

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the "Company") was notified that, on 11 January 2023, 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 8 January 2020 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 Graham Biggart's 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
Graham Biggart	54,405	25,623 (2)	28,782 (3)

(1)  The Shares were sold on the London Stock Exchange at an average price of £2.406 per Share.

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

(3)  The retained Shares were transferred to a Closely Associated Person.

The Company was also notified that, on 11 January 2023, the following PDMR sold Shares.

PDMR	Date of sale	Number of Shares sold	Sale price per Share
Tim Fallowfield	11 January 2023	100,000	£2.415

The Notification of Dealing Forms for each PDMR 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

Senior Assistant Company Secretary

[phone]

Notification of dealing form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Biggart
2	Reason for the notification
a)	Position/status	Chief Transformation 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
	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	54,405
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	11 January 2023
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)
		£2.406	25,623
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	11 January 2023
f)	Place of the transaction	London Stock Exchange (XLON)
	Transaction 3
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	Transfer of remaining Shares to a Closely Associated Person.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£nil	28,782
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	11 January 2023
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
	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	Sale of Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£2.415	100,000
d)	Aggregated information	Aggregated price	Aggregated volume
		N/A	N/A
e)	Date of the transaction	11 January 2023
f)	Place of the transaction	London Stock Exchange (XLON)

 

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