Sainsbury (J) PLC — Director's Dealing 2016

Nov 22, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8614P

Sainsbury(J) PLC

22 November 2016

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHAKBDKPBDDKDB