Sainsbury(J) PLC Adjustment of Conversion Price (5131B)
10 Giugno 2021 - 1:00PM
UK Regulatory
TIDMSBRY
RNS Number : 5131B
Sainsbury(J) PLC
10 June 2021
J Sainsbury plc announces adjustment of Conversion Price to
holders of GBP250,000,000 Subordinated Perpetual Convertible
Bonds
J Sainsbury plc (the "Company") hereby announces (the "Notice")
to the holders of its GBP250,000,000 Subordinated Perpetual
Convertible Bonds (ISIN: XS1268412993 / Common Code: 126841299)
(the " Bonds").
Adjustment of Conversion Price
On 28 April 2021, the Company announced that on 16 July 2021 it
would pay a final dividend of 7.4 pence per Ordinary Share to
Shareholders on the register of members on the record date of
11(th) June 2021.
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 273.2807 pence per Ordinary
Share.
From and including 10 (th) June 2021, being the Effective Date,
the Conversion Price will be adjusted to 265.6376 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
10(th) June 2021.
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
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June 10, 2021 07:00 ET (11:00 GMT)
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