Director/PDMR Shareholding

RNS Number : 1132I

Sainsbury(J) PLC

04 March 2010

 



4 March 2010

J Sainsbury plc

Purchase of ordinary shares of 28 ⁴/₇ pence in J Sainsbury plc ('Shares' and the 'Company', respectively) by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs) under the Sainsbury's Share Purchase Plan ('SSPP').

The Company was notified on 4 March 2010 that the following Directors and other Persons Discharging Managerial Responsibility for the Company acquired Shares under the SSPP on 4 March 2010 held through HSDL Nominees Limited - SIP (the 'Trustee'):

Director	Number of Partnership shares purchased at 336.50 pence per share	Number of Matching Shares allocated	Total holding following notification
Justin King	34	9	1,574,000
Darren Shapland	34	9	787,483
Person Discharging Managerial Responsibility
Gwyn Burr	35	9	366,677
Tim Fallowfield	34	9	332,780
Neil Sachdev	34	8	48,791

The SSPP operates as follows

·     Each month the Trustee uses participants' contributions (which may not exceed £115 per participant per four weekly period) to purchase Shares in the market.  These shares are called 'Partnership Shares'.

·     At the same time the Company allocated to participants via the Trustee one share for every four Partnership Shares purchased that four weekly period. These shares are called 'Matching Shares'.

 

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