Sainsbury(J) PLC Director/PDMR Shareholding (9643D)
February 05 2018 - 10:45AM
UK Regulatory
TIDMSBRY
RNS Number : 9643D
Sainsbury(J) PLC
05 February 2018
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 28(4/7) 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
--- --------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--- --------------------------- -------------------------------------------
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 Ordinary shares of 28(4) /(7) pence each
the financial instrument,
type of instrument
Identification GB00B019KW72
code
--- ----------------------------- -----------------------------------------
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) Price(s) Volume(s)
---------- ----------
Nil 88,456
---------- ----------
--- ----------------------------- -----------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume ---------- ---------- ----------
N/A N/A N/A
- Price ---------- ---------- ----------
--- ----------------------------- -----------------------------------------
e) Date of the transaction 2018-02-02
--- ----------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
--- ----------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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