TIDMSBRY

RNS Number : 5159M

Sainsbury(J) PLC

11 May 2020

11 May 2020

J Sainsbury plc

(the "Company")

Director/PDMR Shareholding

On 7 May 2020, the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016. The awards were granted as nil-cost options over ordinary shares of 28(4) /(7) pence each in the Company ("Shares") as set out below:

Future Builder Awards ("FBA")

 
 PDMRs                       Core Award Number   Maximum Award 
                              of Shares           Number of Shares 
 Kevin O'Byrne (Director)              165,093             660,372 
                            ------------------  ------------------ 
 Jim Brown                             124,309             497,236 
                            ------------------  ------------------ 
 Tim Fallowfield                        84,756             339,024 
                            ------------------  ------------------ 
 Philip Jordan                         141,260             565,040 
                            ------------------  ------------------ 
 Paul Mills-Hicks                      122,363             489,452 
                            ------------------  ------------------ 
 Clodagh Moriarty                      113,008             452,032 
                            ------------------  ------------------ 
 Angie Risley                          101,112             404,448 
                            ------------------  ------------------ 
 Simon Roberts                         256,291           1,025,164 
                            ------------------  ------------------ 
 

(1) The FBA are subject to performance conditions measured over three financial years. The FBA will normally vest in two tranches, 50% after 3 years and 50% after 4 years, subject to the achievement of the performance conditions.

(2) The FBA for Simon Roberts and Kevin O'Byrne is subject to an additional retention period meaning that any vested FBA will be released five years after the date of grant.

(3) The FBA for Simon Roberts reflects his appointment to Chief Executive Officer, effective 1 June 2020.

(4) Should maximum vesting be achieved, participants would receive four times the number of Shares of their core award.

(5) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(6) The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.

Deferred Share Awards ("DSA")

 
 PDMRs                       Number of 
                              Shares 
 Mike Coupe (Director)         238,607 
                            ---------- 
 Kevin O'Byrne (Director)      129,331 
                            ---------- 
 Jim Brown                      71,214 
                            ---------- 
 Tim Fallowfield                61,610 
                            ---------- 
 Philip Jordan                  94,674 
                            ---------- 
 Paul Mills-Hicks               94,674 
                            ---------- 
 Clodagh Moriarty               66,624 
                            ---------- 
 Angie Risley                   78,231 
                            ---------- 
 Simon Roberts                 110,362 
                            ---------- 
 
   (1)    The DSA were granted based on performance during the 2019/20 financial year. 
   (2)    The DSA vest following a two-year deferral period. 

(3) On leaving, the DSA for Mike Coupe will be pro-rated to reflect his period of employment during the deferral period.

(4) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(5) The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.

The Notification of Dealing Forms for each PDMR can be found below.

This notification is made in accordance with the requirements of Market Abuse Regulation Article 19.

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                          Mike Coupe 
      ----------------------------  --------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status               Chief Executive 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 
        the financial instrument,      each 
        type of instrument 
      -----------------------------  -------------------------------------------- 
       Identification                 ISIN: GB00B019KW72 
        code 
      -----------------------------  -------------------------------------------- 
 b)    Nature of the transaction      Award of nil-cost options granted under 
                                       the J Sainsbury plc Long Term Incentive 
                                       Plan 2016 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)         Price(s)              Volumes(s) 
      -----------------------------  --------------------  ---------------------- 
    GBPnil                                                  238,607 
   ------------------------------------------------------  ---------------------- 
 d)    Aggregated information         Aggregated price      Aggregated volume 
      -----------------------------  --------------------  ---------------------- 
                                 N/A                        N/A 
 -----------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction        07 May 2020 
      -----------------------------  -------------------------------------------- 
 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                          Kevin O'Byrne 
      ----------------------------  --------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status               Chief Financial 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 
        the financial instrument,      each 
        type of instrument 
        Identification                 ISIN: GB00B019KW72 
        code 
      -----------------------------  -------------------------------------------- 
 b)    Nature of the transaction      Award of nil-cost options granted under 
                                       the J Sainsbury plc Long Term Incentive 
                                       Plan 2016 
      -----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)         Price(s)              Volumes(s) 
      -----------------------------  --------------------  ---------------------- 
    GBPnil                                                  789,703 
   ------------------------------------------------------  ---------------------- 
 d)    Aggregated information         Aggregated price      Aggregated volume 
      -----------------------------  --------------------  ---------------------- 
                                 N/A                        N/A 
 -----------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction        07 May 2020 
      -----------------------------  -------------------------------------------- 
 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                          Jim Brown 
      ----------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status               Chief Executive Officer, Sainsbury's Bank 
      ----------------------------  ---------------------------------------------- 
 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 
        the financial instrument,      each 
        type of instrument 
        Identification                 ISIN: GB00B019KW72 
        code 
      -----------------------------  --------------------------------------------- 
 b)    Nature of the transaction      Award of nil-cost options granted under 
                                       the J Sainsbury plc Long Term Incentive 
                                       Plan 2016 
      -----------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s)         Price(s)               Volumes(s) 
      -----------------------------  ---------------------  ---------------------- 
    GBPnil                                                   568,450 
   -------------------------------------------------------  ---------------------- 
 d)    Aggregated information         Aggregated price       Aggregated volume 
      -----------------------------  ---------------------  ---------------------- 
                                 N/A                         N/A 
 -----------------------------  --------------------------  ---------------------- 
 e)    Date of the transaction        07 May 2020 
      -----------------------------  --------------------------------------------- 
 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         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 
        the financial instrument,         each 
        type of instrument 
        Identification                    ISIN: GB00B019KW72 
        code 
      --------------------------------  -------------------------------------------- 
 b)    Nature of the transaction         Award of nil-cost options granted under 
                                          the J Sainsbury plc Long Term Incentive 
                                          Plan 2016 
      --------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)              Volumes(s) 
      --------------------------------  --------------------  ---------------------- 
    GBPnil                                                     400,634 
   ---------------------------------------------------------  ---------------------- 
 d)    Aggregated information            Aggregated price      Aggregated volume 
      --------------------------------  --------------------  ---------------------- 
                                    N/A                        N/A 
 --------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction           07 May 2020 
      --------------------------------  -------------------------------------------- 
 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                         Philip Jordan 
      ---------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status              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 
        the financial instrument,        each 
        type of instrument 
        Identification                   ISIN: GB00B019KW72 
        code 
      -------------------------------  -------------------------------------------- 
 b)    Nature of the transaction        Award of nil-cost options granted under 
                                         the J Sainsbury plc Long Term Incentive 
                                         Plan 2016 
      -------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volumes(s) 
      -------------------------------  --------------------  ---------------------- 
    GBPnil                                                    659,714 
   --------------------------------------------------------  ---------------------- 
 d)    Aggregated information           Aggregated price      Aggregated volume 
      -------------------------------  --------------------  ---------------------- 
                                   N/A                        N/A 
 -------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction          07 May 2020 
      -------------------------------  -------------------------------------------- 
 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                         Paul Mills-Hicks 
      ---------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status              Commercial Director 
      ---------------------------  ------------------------------------------------ 
 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 
        the financial instrument,        each 
        type of instrument 
        Identification                   ISIN: GB00B019KW72 
        code 
      -------------------------------  -------------------------------------------- 
 b)    Nature of the transaction        Award of nil-cost options granted under 
                                         the J Sainsbury plc Long Term Incentive 
                                         Plan 2016 
      -------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volumes(s) 
      -------------------------------  --------------------  ---------------------- 
    GBPnil                                                    584,126 
   --------------------------------------------------------  ---------------------- 
 d)    Aggregated information           Aggregated price      Aggregated volume 
      -------------------------------  --------------------  ---------------------- 
                                   N/A                        N/A 
 -------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction          07 May 2020 
      -------------------------------  -------------------------------------------- 
 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                         Clodagh Moriarty 
      ---------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status              Chief Digital 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 
        the financial instrument,        each 
        type of instrument 
        Identification                   ISIN: GB00B019KW72 
        code 
      -------------------------------  -------------------------------------------- 
 b)    Nature of the transaction        Award of nil-cost options granted under 
                                         the J Sainsbury plc Long Term Incentive 
                                         Plan 2016 
      -------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volumes(s) 
      -------------------------------  --------------------  ---------------------- 
    GBPnil                                                    518,656 
   --------------------------------------------------------  ---------------------- 
 d)    Aggregated information           Aggregated price      Aggregated volume 
      -------------------------------  --------------------  ---------------------- 
                                   N/A                        N/A 
 -------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction          07 May 2020 
      -------------------------------  -------------------------------------------- 
 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                         Angie Risley 
      ---------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status              Group HR Director 
      ---------------------------  ------------------------------------------------ 
 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 
        the financial instrument,        each 
        type of instrument 
        Identification                   ISIN: GB00B019KW72 
        code 
      -------------------------------  -------------------------------------------- 
 b)    Nature of the transaction        Award of nil-cost options granted under 
                                         the J Sainsbury plc Long Term Incentive 
                                         Plan 2016 
      -------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volumes(s) 
      -------------------------------  --------------------  ---------------------- 
    GBPnil                                                    482,679 
   --------------------------------------------------------  ---------------------- 
 d)    Aggregated information           Aggregated price      Aggregated volume 
      -------------------------------  --------------------  ---------------------- 
                                   N/A                        N/A 
 -------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction          07 May 2020 
      -------------------------------  -------------------------------------------- 
 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                         Simon Roberts 
      ---------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status              Retail and Operations Director 
      ---------------------------  ------------------------------------------------ 
 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 
        the financial instrument,        each 
        type of instrument 
        Identification                   ISIN: GB00B019KW72 
        code 
      -------------------------------  -------------------------------------------- 
 b)    Nature of the transaction        Award of nil-cost options granted under 
                                         the J Sainsbury plc Long Term Incentive 
                                         Plan 2016 
      -------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volumes(s) 
      -------------------------------  --------------------  ---------------------- 
    GBPnil                                                    1,135,526 
   --------------------------------------------------------  ---------------------- 
 d)    Aggregated information           Aggregated price      Aggregated volume 
      -------------------------------  --------------------  ---------------------- 
                                   N/A                        N/A 
 -------------------------------  -------------------------  ---------------------- 
 e)    Date of the transaction          07 May 2020 
      -------------------------------  -------------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  -------------------------------------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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