13 January 2020
J Sainsbury plc
Director/PDMR Shareholding
J Sainsbury plc (the "Company") was notified that, on 10 January 2020, 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 11 May 2018 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 Clodagh Moriarty's continued service with the Company. 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 |
| Clodagh Moriarty | 43,174 | 20,333 (2) | 22,841
|
(1) The Shares were sold on the London Stock Exchange at an average price of £2.2118 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 Article 19 of the Market Abuse Regulation.
For further information please contact:
Karen Garrod
Company Secretarial Assistant
+44 (0)20 7695 0269
Notification of dealing form
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Clodagh Moriarty
| |
| 2 | Reason for the notification
| ||
| a) | Position/status | Group Chief Digital Officer
| |
| 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
| ||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 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) |
| £2.2118 | 43,174 | ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 10 January 2020
| |
| f) | Place of the transaction | London Stock Exchange (XLON) | |