Last checked at 15 Jun 2021 15:15
15 June 2021
J Sainsbury plc
(the 'Company')
Directors/PDMRs Shareholding
On 14 June 2021, Paula Nickolds, a Person Discharging Managerial Responsibility ('PDMR'), was granted awards under the J Sainsbury plc Long Term Incentive Plan 2016 as set out below.
Win In Food Award ('WIF')
Paula was granted nil-cost options over ordinary shares of 284/7 pence each in the Company ('Shares') as set out below:
PDMR | Core Award Number of Shares | Maximum Award Number of Shares |
Paula Nickolds | 116,984 | 467,936 |
(1) The WIF is subject to performance conditions measured over three financial years. The WIF will normally vest after three years, subject to the achievement of the performance conditions.
(2) Should maximum vesting be achieved, Paula would receive four times the number of Shares of her core award.
(3) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
Share Award
As part of Paula's joining arrangements, she was also granted a share award over 57,883 Shares. The award will vest in two tranches, 50% in June 2022 and 50% in June 2023.
The Notification of Dealing Forms can be found below.
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information please contact:
Enquiries
Investor Relations: James Collins +44 (0) 20 7695 0080
Media: Rebecca Reilly +44 (0) 20 7695 7295
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Paula Nickolds | |
2 | Reason for the notification
| ||
a) | Position/status | General Merchandise and Clothing Commercial 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 | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 467,936 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 14 June 2021
| |
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 | Awards of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 57,883 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 14 June 2021
| |
f) | Place of the transaction | Outside a trading venue | |