Sainsbury(J) PLC Adjustment of Conversion Price (4226B)
06 Junio 2019 - 09:00AM
UK Regulatory
TIDMSBRY TIDMIRSH
RNS Number : 4226B
Sainsbury(J) PLC
06 June 2019
J Sainsbury plc announces adjustment of Conversion Price to
holders of GBP450,000,000 1.25 per cent. Convertible Bonds due
2019
J Sainsbury plc (the "Company") hereby announces (the "Notice")
to the holders of its GBP450,000,000 1.25 per cent. Convertible
Bonds due 2019 (ISIN: XS1139087933 / Common Code: 113908793) (the "
Bonds").
Adjustment of Conversion Price
On 1(st) May 2019, the Company announced that on 12(th) July
2019 it would pay a final dividend of 7.9 pence per Ordinary Share
to Shareholders on the register of members on the record date of
7(th) June 2019.
In accordance with the terms and conditions of the Bonds (the
"Conditions"), notice is hereby given with respect to Condition
6(b)(iii)(A), which requires an adjustment to be made to the
Conversion Price if the Company shall pay any Dividend to the
Shareholders, provided that such adjustment (rounded down if
applicable) would be equal to, or more than, 1 per cent of the
Conversion Price then in effect.
The current Conversion Price is 302.3141 pence per Ordinary
Share.
From and including 6(th) June 2019, being the Effective Date,
the Conversion Price will be adjusted to 287.5760 pence per
Ordinary Share. All other Conditions of the Bonds remain
unchanged.
Conversion Agent
The Bank of New York Mellon, London Branch
Effective Date of Adjustment of Conversion Price
The adjustment to the Conversion Price will become effective on
6th June 2019.
Defined terms
Unless otherwise defined in this Notice, terms used in this
Notice have the meanings given to them in the Conditions.
This announcement is given by:
J Sainsbury plc
33 Holborn
London
EC1N 2HT
Contacts
J Sainsbury plc
Retail +44 (0) 20 7695
Natalie Shinton Treasurer Natalie.Shinton@sainsburys.co.uk 7704
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Head of Investor +44 (0) 20 7695
James Collins Relations James.Collins@sainsburys.co.uk 7112
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END
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