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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-11.40 | -4.25% | 256.60 | 254.80 | 255.00 | 266.40 | 254.60 | 263.20 | 13,126,885 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Grocery Stores | 31.49B | 207M | 0.0878 | 29.04 | 6.01B |
TIDMSBRY
RNS Number : 4667P
Sainsbury(J) PLC
17 November 2016
17 November 2016
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 9 November 2016, the Company announced that on 4 January 2017 it would pay an interim dividend of 3.6 pence per Ordinary Share to Shareholders on the register of members on the record date of 18 November 2016.
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 326.4131 pence per Ordinary Share.
From and including 17 November 2016, being the Effective Date, the Conversion Price will be adjusted to 321.4744 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 17 November 2016.
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 Group +44 (0) 20 David O'Loan Treasurer David.Oloan@sainsburysbank.co.uk 7695 7704 Head of Investor +44 (0) 20 James Collins Relations InvestorRelations2@sainsburys.co.uk 7695 7112
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFFSFSWFMSEEF
(END) Dow Jones Newswires
November 17, 2016 05:30 ET (10:30 GMT)
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