Sainsbury(J) PLC Director/PDMR Shareholding (8597O)
15 June 2022 - 1:00AM
UK Regulatory
TIDMSBRY
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 28(4) /(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 Number of Shares Number of Shares
Released sold (1) 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 GBP2.0360 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
+44 (0)20 7695 2707
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 Ordinary shares of 28 (4) / (7) pence each
instrument, type of instrument
---------------------------------- -----------------------------------------------------
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)
-------------------------- -------------------------
GBPnil 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 Ordinary shares of 28 (4) / (7) pence each
instrument, type of instrument
---------------------------------- -----------------------------------------------------
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)
-------------------------- -------------------------
GBP2.0360 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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