Sainsbury(J) PLC Adjustment of Conversion Price (1607F)
12 Novembre 2020 - 3:51PM
UK Regulatory
TIDMSBRY
RNS Number : 1607F
Sainsbury(J) PLC
12 November 2020
J Sainsbury plc announces adjustment of Conversion Price to
holders of GBP250,000,000 Perpetual Subordinated Convertible
Bonds
J Sainsbury plc (the "Company") hereby announces (the "Notice")
to the holders of its GBP250,000,000 Perpetual Subordinated
Convertible Bonds (ISIN: XS1268412993 / Common Code: 126841299)
(the "Bonds" ).
Adjustment of Conversion Price
On 5(th) November 2020, the Company announced that on 18(th)
December 2020 it would pay an interim dividend of 3.2 pence per
Ordinary Share and a special dividend of 7.3 pence per Ordinary
Share to Shareholders on the register of members on the record date
of 13(th) November 2020.
In accordance with the terms and conditions of the Bonds (the
"Conditions"), notice is hereby given with respect to Condition
7(b)(iii)(A), which requires an adjustment to be made to the
Conversion Price if the Company shall announce 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 288.2329 pence per Ordinary
Share.
From and including 12 (th) November 2020, being the Effective
Date, the Conversion Price will be adjusted to 273.2807 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
12(th) November 2020.
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
+44 (0) 20 7695
Natalie Shinton Retail 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
CONBSBDBSDBDGGD
(END) Dow Jones Newswires
November 12, 2020 09:51 ET (14:51 GMT)
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