22nd Jul 2008 16:31
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer
J Sainsbury plc
2. State whether the notification relates to
(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(iii) both (i) and (ii)
3. Name of person discharging managerial responsibilities/director
Darren Mark Shapland
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N.A.
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1
Darren Mark Shapland
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares 28 4/7p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Darren Mark Shapland
8. State the nature of the transaction
Exercise of a long term incentive scheme and the sale of shares to fund the income tax and National Insurance liability.
Shares released at nil cost to participant.
Of the 252,729 shares retained, 58,000 shares will be sold on Wednesday 23 July 2008 into the J Sainsbury Self Invested Pension Plan.
9. Number of shares, debentures or financial instruments relating to shares acquired
428,811 ordinary shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N.A.
11. Number of shares, debentures or financial instruments relating to shares disposed
176,082 shares sold to fund the income tax and National Insurance liability
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N.A.
13. Price per share or value of transaction
295.5p
14. Date and place of transaction
21 July 2008
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
442,025 shares
16. Date issuer informed of transaction
22 July 2008
If a person discharging managerial responsibilities has been granted options by the issuer
complete the following boxes
17. Date of grant
18. Period during which or date on which it can be exercised
19. Total amount paid (if any) for grant of the option
20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
22. Total number of shares or debentures over which options held following notification
23. Any additional information
Of the 252,729 shares released into the name of Darren Mark Shapland, 58,000 shares will be sold on Wednesday 23 July 2008 into the J Sainsbury Self Invested Pension Plan.
The total holding will remain at 442,025 following this transaction.
24. Name of contact and telephone number for queries
Hazel Jarvis 0207 695 6378
Name and signature of duly authorised officer or issuer responsible for making notification
Hazel Jarvis
22 July 2008
Related Shares:
Sainsbury's