Sainsbury(J) PLC Director/PDMR Shareholding (8597O)

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

[phone]

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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June 14, 2022 11:00 ET (15:00 GMT)