J Sainsbury plc announced that on 2nd May 2024, several Directors and Persons Discharging Managerial Responsibility (PDMRs) exercised Future Builder and Win in Food awards granted under the J Sainsbury plc Long Term Incentive Plan 2016 (LTIP Plan). The awards were granted as nil-cost options over ordinary shares of 284/7 pence each in the Company. The shares were sold on the London Stock Exchange at an average price of £2.632 per share. Sufficient shares were sold to cover tax withholding obligations, and the balance was retained. The retained shares were transferred to closely associated persons.
The Company also notified that on the same day, shares were released to the PDMRs granted under the LTIP Plan. There were no performance conditions applicable on the awards, and they were released upon vesting. The shares were sold on the London Stock Exchange at an average price of £2.632 per share. Sufficient shares were sold to cover tax withholding obligations, and the balance was retained, with the retained shares being transferred to closely associated persons.
Additionally, the Company was notified that a PDMR had sold shares on the London Stock Exchange at an average price of £2.6215 per share.
The Notification of Dealing Forms for each PDMR can be found on the company's website. This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information, the company can be contacted through the following:
- Investor Relations: James Collins +44 (0) 20 7695 0080
- Media: Rebecca Reilly +44 (0) 20 7695 7295