Sainsbury(J) PLC Director/PDMR Shareholding (9643D)

TIDMSBRY

RNS Number : 9643D

Sainsbury(J) PLC

05 February 2018

5 February 2018

J Sainsbury plc

PDMR Shareholding

J Sainsbury plc (the Company) announces that Phil Jordan a Person Discharging Managerial Responsibility (PDMR) was granted on 2 February 2018, a core award under the J Sainsbury plc Long Term Incentive Plan 2016 (Future Builder award) as a nil cost option over 88,456 ordinary shares of 28(4/7) pence each in the Company (Shares).

The award is subject to performance conditions measured over three financial years and is subject to the same terms as other participants. The award will normally vest in two tranches, 50% in May 2020 and 50% in May 2021 subject to the achievement of the performance conditions. Should maximum vesting be achieved, Mr Jordan will receive four times the number of Shares granted under the core award.

Dividend equivalents will be payable in respect of vested Shares.

The Notification of Dealing Form can be found below.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

For further information please contact:

Bunmi Likinyo

Interim Senior Assistant Company Secretary

[phone]

Notification of dealing form

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------------ 
 a)   Name                         Phil Jordan 
---  ---------------------------  ------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------ 
 a)   Position/status              Group Chief Information Officer 
---  ---------------------------  ------------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
---  ---------------------------  ------------------------------------------- 
 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 
---  ------------------------------------------------------------------------ 
 a)   Description of                 Ordinary shares of 28(4) /(7) pence each 
       the financial instrument, 
       type of instrument 
       Identification                 GB00B019KW72 
       code 
---  -----------------------------  ----------------------------------------- 
 b)   Nature of the transaction      Award of a nil-cost option granted under 
                                      the J Sainsbury plc Long Term Incentive 
                                      Plan 2016 
---  -----------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                       ----------  ---------- 
                                        Nil         88,456 
                                       ----------  ---------- 
---  -----------------------------  ----------------------------------------- 
 d)   Aggregated information           Aggregate   Aggregate   Aggregate 
                                         Price       Volume      Total 
       - Aggregated volume             ----------  ----------  ---------- 
                                        N/A         N/A         N/A 
       - Price                         ----------  ----------  ---------- 
---  -----------------------------  ----------------------------------------- 
 e)   Date of the transaction        2018-02-02 
---  -----------------------------  ----------------------------------------- 
 f)   Place of the transaction       Outside a trading venue 
---  -----------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 05, 2018 10:45 ET (15:45 GMT)