Sainsbury(J) PLC SBRY Convertible Bonds Adjustment (1747N)
May 14 2015 - 4:08AM
UK Regulatory
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
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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