ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SBRY Sainsbury (j) Plc

256.60
-11.40 (-4.25%)
25 Apr 2024 - Closed
Delayed by 15 minutes
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

Sainsbury(J) PLC Convertible Bond Adjustment (7153W)

16/11/2017 11:30am

UK Regulatory


Sainsbury (j) (LSE:SBRY)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Sainsbury (j) Charts.

TIDMSBRY

RNS Number : 7153W

Sainsbury(J) PLC

16 November 2017

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(th) November 2017, the Company announced that on 2(nd) January 2018 it would pay an interim dividend of 3.1 pence per Ordinary Share to Shareholders on the register of members on the record date of 17(th) November 2017.

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 313.5056 pence per Ordinary Share.

From and including 16(th) November 2017, being the Effective Date, the Conversion Price will be adjusted to 309.2599 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 16(th) November 2017.

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 
------------------------------------------------------------------------------ 
 Natalie          Retail                                            +44 (0) 20 
  Shinton          Treasurer    Natalie.Shinton@sainsburys.co.uk     7695 7704 
---------------  ------------  ----------------------------------  ----------- 
                  Head of 
                   Investor                                         +44 (0) 20 
 James Collins     Relations    James.Collins@sainsburys.co.uk       7695 7112 
---------------  ------------  ----------------------------------  ----------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFFEFSMFWSELF

(END) Dow Jones Newswires

November 16, 2017 06:30 ET (11:30 GMT)

1 Year Sainsbury (j) Chart

1 Year Sainsbury (j) Chart

1 Month Sainsbury (j) Chart

1 Month Sainsbury (j) Chart

Your Recent History

Delayed Upgrade Clock