Last checked at 22 Nov 2016 15:10
22 November 2016
J Sainsbury plc
Director/PDMR Shareholding
J Sainsbury plc (the 'Company') provides notification of the release of the first tranche of a Conditional Share Award granted to Edward Barker, Interim Chief Financial Officer, under the J Sainsbury plc Conditional Share Award Plan. The Conditional Share Award was granted to Edward Barker on 20 November 2014 over 41,384 ordinary shares of 284/7 pence each in the Company ('Shares').
PDMR | Number of Shares Vested | Number of Shares Sold |
Edward Barker | 41,384 | 41,384 |
(1) 19,490 Shares were sold on 21 November 2016 to cover tax withholdings. The Shares were sold on the London Stock Exchange at an average price of £2.345 per Share.
(2) Edward Barker sold the remaining 21,894 Shares on 22 November 2016 on the London Stock Exchange at a price of £2.37 per Share.
The Notification of Dealing Forms can be found below.
This notification is made in accordance with the EU Market Abuse Regulation.
For further information please contact:
Lucy Glover
Senior Assistant Company Secretary
Tel: +44 (0)20 7695 8066
Notification of dealing forms
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Edward Barker | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Interim 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 | N/A | |||||||
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
ISIN: GB00B019KW72 | |||||||
b) | Nature of the transaction | Release of a Conditional Share Award. Sale of shares to cover tax withholdings.
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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 | 21 November 2016 (UTC +1)
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f) | Place of the transaction | XLON | |||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | Edward Barker | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Interim 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 | N/A | |||||||
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
ISIN: GB00B019KW72 | |||||||
b) | Nature of the transaction | Sale of shares following the release of a Conditional Share Award.
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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 | 22 November 2016 (UTC +1)
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f) | Place of the transaction | XLON | |||||||