Sainsbury(J) PLC
02 August 2005
02 August 2005
Share awards
Following the appointment of Darren Shapland as Chief Financial Officer of J
Sainsbury plc on 1 August the Company granted the following share awards in the
Company.
Restricted Share Plan 2005
Date of Grant Total share award Number of shares Number of shares
released 1 August 2006 released 1 August 2007
1 August 2005 64,400 32,200 32,200
(1) Award has been calculated using the mid market closing price of the
shares of J Sainsbury plc on 29 July 2007, 279.5p.
(2) There are no performance conditions attaching to the above Plan and as
the award was granted as compensation for the loss of valuable entitlements
under the Carpetright executive incentive plans, as previously announced.
J Sainsbury plc Share Plan 2005
Date of Grant Core Share Award Personal Share Maximum Share First Exercise Date Last Exercise Date
Investment Award
1 August 2005 102,558 70,224 793,686 14 May 2008 23 March 2010
(1) (3) (4)
(1) Core Share Award is a pro rated award over the four-year performance
period from the date of appointment.
(2) The Core Award and Personal Investment Award have been calculated
according to the closing mid-market share price averaged over the 90 day period
preceding 1 August 2005, 284.8p.
(3) The maximum share award excludes the personal investment shares acquired
by Darren and must be held for the duration of the plan.
(4) Following the Preliminary Results announcement in 2008.
It is Darren's intention to make the maximum personal investment of 70,224
shares in J Sainsbury plc under the conditions of the share plan.
If the performance conditions are on track to reach the maximum award multiplier
at the end of year three then Darren's award will become exercisable over a
maximum of 396,843 ordinary shares.
In accordance with the FSA Listing Rule 9.6.13 Darren was formerly Group Finance
Director of Carpetright plc. No further disclosure is required under this rule.
Enquiries:
Investor Relations Media
Lynda Ashton Gillian Taylor
+44 (0) 20 7695 7162 +44 (0) 20 7695 7043
This information is provided by RNS
The company news service from the London Stock Exchange
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