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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sainsbury (j) Plc | LSE:SBRY | London | Ordinary Share | GB00B019KW72 | ORD 28 4/7P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 269.00 | 269.40 | 269.60 | 273.00 | 268.40 | 270.20 | 4,651,118 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Grocery Stores | 31.49B | 207M | 0.0878 | 30.68 | 6.35B |
TIDMSBRY
RNS Number : 1747N
Sainsbury(J) PLC
14 May 2015
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 6 May 2015, the Company announced that on 10 July 2015 it would pay a final dividend of 8.2 pence per Ordinary Share to Shareholders on the register of members on the record date of 15 May 2015.
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 352.7607 pence per Ordinary Share.
From and including 14 May 2015, being the Effective Date, the Conversion Price will be adjusted to 342.2674 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 14 May 2015.
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 ------------------------------------------------------------------------------------------ Richard Group +44 (0) 20 7695 Learmont Treasurer Richard.Learmont@sainsburys.co.uk 7600 --------------- ------------------ ----------------------------------- ---------------- Head of Investor +44 (0) 20 7695 Duncan Cooper Relations Duncan.Cooper@sainsburys.co.uk 4740 --------------- ------------------ ----------------------------------- ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEANSLFEKSEEF
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