Sainsbury(J) PLC
29 March 2004
29 March 2004
Share awards - Justin King
Upon the announcement of the appointment of Justin King as the new Group Chief
Executive of J Sainsbury plc, is was indicated that he would be enrolled in the
Company's executive share schemes and would receive an award of restricted
shares to compensate him for his losses arising from Marks & Spencer's share and
bonus schemes.
As a result, on 27 March 2004 the following awards were granted to him under the
Company's employee share plans.
An award of 261,950 shares was made under the restricted shares plan in the form
of conditional restricted shares, of which 191,204 will be released on 1 June
2005 and 70,746 shares will be released on 1 June 2006 provided that, in each
case, he remains an employee of the company on the relevant date.
A grant of options was made under the Company's Executive Share Option Plan
subject to the conditions (including performance conditions) currently
applicable to the Plan.
Number of
Shares under Option Grant Date of First Lapse
Option Price Date Exercise Date
516,252 261.5p 27/3/2004 27/3/2007 27/3/2014
Enquiries:
Investor relations Media
Lynda Ashton Pip Wood
+44 (0) 20 7695 7162 +44 (0) 20 7695 7295
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.