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. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.345 |
19,490 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregate Price |
Aggregate Volume |
Aggregate Total |
£2.345 |
19,490 |
£45,704.05 |
|
e) |
Date of the transaction |
21 November 2016 (UTC +1) |
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. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.37 |
21,894 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregate Price |
Aggregate Volume |
Aggregate Total |
£2.37 |
21,894 |
£51,888.78 |
|
e) |
Date of the transaction |
22 November 2016 (UTC +1) |
f) |
Place of the transaction |
XLON |
|
|
|
|