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Sainsbury(J) PLC - Director/PDMR Shareholding

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 284/7 pence each in the Company ("Shares") as set out below:

 

 Future Builder Awards ("FBA")

 

PDMRs

 

Core Award Number of Shares

Maximum Award 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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 /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

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

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)

£nil

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 [email protected] or visit www.rns.com.
 
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Quick facts: J Sainsbury PLC

Price: 195.5

Market: LSE
Market Cap: £43.39 m
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