Last checked at 5 Feb 2018 15:45
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 284/7 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
+44 (0)20 7695 8712
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
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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 Identification code | Ordinary shares of 284/7 pence each
GB00B019KW72 | |||||||
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) |
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d) | Aggregated information
- Aggregated volume
- Price
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e) | Date of the transaction | 2018-02-02
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f) | Place of the transaction | Outside a trading venue | |||||||