16th Oct 2008 15:44
16 October 2008
J Sainsbury plc
Purchase of ordinary shares of 28 4/7 pence in J Sainsbury plc ('Shares' and the 'Company', respectively) by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs) under the Sainsbury's Share Purchase Plan ('SSPP').
The Company was notified on 16 October 2008 that the following Directors and other Persons Discharging Managerial Responsibility for the Company acquired Shares under the SSPP on 16 October 2008 held through HSDL Nominees Limited - SIP (the 'Trustee'):
|
Director |
Number of Partnership shares purchased at 253.05 pence per share |
Number of Matching Shares allocated |
Total holding following notification |
|
Justin King |
45 |
11 |
548,728 |
|
Darren Shapland |
46 |
11 |
442,122 |
|
Person Discharging Managerial Responsibility |
|||
|
Gwyn Burr |
46 |
11 |
80,315 |
|
Tim Fallowfield |
46 |
11 |
178,620 |
|
Angela Morrison |
46 |
11 |
13,094 |
|
Neil Sachdev |
45 |
11 |
24,020 |
The SSPP operates as follows
Each month the Trustee uses participants' contributions (which may not exceed £115 per participant per four weekly period) to purchase Shares in the market. These shares are called 'Partnership Shares'.
At the same time the Company allocated to participants via the Trustee one share for every four Partnership Shares purchased that four weekly period. These shares are called 'Matching Shares'.
Related Shares:
Sainsbury's