Last checked at 13 Jan 2023 14:00
13 January 2023
J Sainsbury plc
Director/PDMR Shareholding
J Sainsbury plc (the "Company") was notified that, on 11 January 2023, 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 8 January 2020 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 Graham Biggart's 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 Released
| Number of Shares sold (1) | Number of Shares retained |
Graham Biggart | 54,405 | 25,623 (2) | 28,782 (3)
|
(1) The Shares were sold on the London Stock Exchange at an average price of £2.406 per Share.
(2) Sufficient Shares were sold to cover tax withholding obligations and the balance was retained.
(3) The retained Shares were transferred to a Closely Associated Person.
The Company was also notified that, on 11 January 2023, the following PDMR sold Shares.
PDMR | Date of sale | Number of Shares sold
| Sale price per Share |
Tim Fallowfield
|
11 January 2023
|
100,000
|
£2.415
|
The Notification of Dealing Forms for each PDMR 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
Senior Assistant Company Secretary
+44 (0)20 7695 2707
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Graham Biggart | |
2 | Reason for the notification
| ||
a) | Position/status | Chief Transformation 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
| ||
Transaction 1 | |||
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) |
£nil | 54,405 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 11 January 2023 | |
f) | Place of the transaction | Outside a trading venue | |
Transaction 2 | |||
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 | 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) |
£2.406 | 25,623 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 11 January 2023 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
Transaction 3 | |||
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 | Transfer of remaining Shares to a Closely Associated Person. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 28,782 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 11 January 2023 | |
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
| ||
| Transaction 1 | ||
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 | Sale of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£2.415 | 100,000 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 11 January 2023
| |
f) | Place of the transaction | London Stock Exchange (XLON) | |