13 May 2019
J Sainsbury plc
(the 'Company')
Director/PDMR Shareholding
On 9 May 2019, the following Directors and Persons Discharging Managerial Responsibility ('PDMRs') were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016. The awards were granted as nil-cost options over ordinary shares of 284/7 pence each in the Company (the 'Shares') as set out below:
Future Builder Awards ('FBA')
| PDMRs | Core Award Number of Shares | Maximum Award Number of Shares |
| Mike Coupe (Director) | 279,635 | 1,118,540 |
| Kevin O'Byrne (Director) | 148,201 | 592,804 |
| John Rogers (Director) | 164,895 | 659,580 |
| Tim Fallowfield | 71,481 | 285,924 |
| Peter Griffiths | 108,305 | 433,220 |
| Phillip Jordan | 109,843 | 439,372 |
| Paul Mills-Hicks | 109,843 | 439,372 |
| Clodagh Moriarty | 73,229 | 292,916 |
| Angie Risley | 90,766 | 363,064 |
| Simon Roberts | 128,046 | 512,184 |
(1) The FBA are subject to performance conditions measured over three financial years. The FBA will normally vest in two tranches, 50% after three years and 50% after four years, subject to the achievement of the performance conditions.
(2) The FBA for Mike Coupe, Kevin O'Byrne and John Rogers will normally be subject to an additional holding period meaning that any vested FBA will be released five years after the date of grant.
(3) Should maximum vesting be achieved, participants would receive four times the number of Shares of their Core Award.
(4) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
Deferred Share Awards ('DSA')
| PDMRs | Number of Shares |
| Mike Coupe (Director) | 265,379 |
| Kevin O'Byrne (Director) | 143,843 |
| John Rogers (Director) | 160,045 |
| Tim Fallowfield | 68,523 |
| Peter Griffiths | 98,159 |
| Phillip Jordan | 105,296 |
| Paul Mills-Hicks | 105,296 |
| Clodagh Moriarty | 66,147 |
| Angie Risley | 87,009 |
| Simon Roberts | 122,745 |
(1) The DSA were granted based on performance during the 2018/19 financial year.
(2) The DSA vest following a two-year deferral period.
(3) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
The Notification of Dealing Forms for each PDMR can be found below.
This notification is made in accordance with the requirements of Market Abuse Regulation Article 19.
For further information please contact:
Lucy Glover
Senior Assistant Company Secretary
+44 (0)207 695 8066
Notification of dealing form
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Mike Coupe | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Group Chief Executive 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 1,383,919 | ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Kevin O'Byrne | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Chief Financial 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 736,647
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| f) | Place of the transaction | Outside Trading Venue | |
Notification of dealing form
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | John Rogers | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Executive 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
| ||
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 819,625
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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
| ||
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 354,447
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Peter Griffiths | |
| 2 | Reason for the notification
| ||
| a) | Position/status | CEO of Sainsbury's Bank plc | |
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 531,379
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Phillip Jordan | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Group Chief Information 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 544,668
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Paul Mills-Hicks | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Food 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
| ||
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 544,668
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 359,063
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Angie Risley | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Group HR 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
| ||
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 450,073 | ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| 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 | Simon Roberts | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Retail and Operations 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
| ||
| 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £nil
| 634,929
| ||
| d) | Aggregated information
| Aggregated price | Aggregated volume |
| N/A | N/A | ||
| e) | Date of the transaction | 09 May 2019
| |
| f) | Place of the transaction | Outside a trading venue | |