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

+44 (0)20 7695 2707

Notification of dealing form

 

Details of the person discharging managerial responsibilities / person closely associated  

   

a) 

Name 

Graham Biggart

 

Reason for the notification   

 

a) 

Position/status 

Chief Transformation Officer

b) 

Initial notification /Amendment 

Initial notification 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   

 

a) 

Name 

J Sainsbury plc 

 

b) 

LEI 

213800VGZAAJIKJ9Y484 

 

 

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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