viewJ Sainsbury PLC

Adjustment of Conversion Price

/**/ sup{font-size:80%}link{ color: blue }visited{ color: purple } .k{size:595.3pt 841.9pt;margin:72.0pt 90.0pt 72.0pt 90.0pt;}div.k{}p.ak{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-autospace: none}span.ai{font-size:10.0pt; font-family:"Arial","sans-serif";color:black}p.al{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: center; text-autospace: none}span.ag{font-family:"Arial","sans-serif";color:black}p.am{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-autospace:none}span.ae{font-family:"Arial","sans-serif"; color:black}p.an{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-autospace:none}span.ac{font-size:10.0pt;font-family:"Arial","sans-serif";color:black} p.ao{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align: justify; text-autospace: none; text-decoration: underline}span.z{font-size:10.0pt;font-family:"Arial","sans-serif"}span.y{color:black}span.x{font-size:10.0pt; font-family:"Arial","sans-serif"}p.ap{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: justify; text-autospace: none}span.v{font-size:11.0pt;font-family:"Arial","sans-serif";color:black}table.aq{margin-left:3.6pt;border-collapse:collapse;border:none}tr.r{height:12.45pt}td.s{width:450.25pt;border:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:12.45pt}p.ar{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: justify; text-autospace: none; text-decoration: underline} span.u{font-size:9.0pt;font-family:"Arial","sans-serif";color:black}tr.m{height:11.95pt}td.q{width:84.6pt;border:solid black 1.0pt; border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:11.95pt}td.p{width:73.15pt;border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:11.95pt}td.o{width:168.75pt;border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:11.95pt}td.n{width:91.35pt;border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:11.95pt}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";} /**/
RNS Number : 4561T
Sainsbury(J) PLC
14 November 2019

14 November 2019



J Sainsbury plc announces adjustment of Conversion Price to holders of £450,000,000 1.25 per cent. Convertible Bonds due 2019



J Sainsbury plc (the "Company") hereby announces (the "Notice") to the holders of its £450,000,000 1.25 per cent. Convertible Bonds due 2019 (ISIN: XS1139087933 / Common Code: 113908793) (the "Bonds").


Adjustment of Conversion Price


On 7th November 2019, the Company announced that on 20th December 2019 it would pay an interim dividend of 3.3 pence per Ordinary Share to Shareholders on the register of members on the record date of 15th November 2019.


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 287.5760 pence per Ordinary Share.


From and including 14th November 2019, being the Effective Date, the Conversion Price will be adjusted to 282.9402 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 14th November 2019.


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





J Sainsbury plc

Natalie Shinton



[email protected]

+44 (0) 20 7695 7704

James Collins

Head of Investor


[email protected]

+44 (0) 20 7695 7112


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Quick facts: J Sainsbury PLC

Price: 216.4

Market: LSE
Market Cap: £4.79 billion

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Director/PDMR Shareholding

6 days, 2 hours ago

Q3 Trading Statement

1 week, 4 days ago

Total Voting Rights

2 weeks, 3 days ago

Director/PDMR Shareholding

2 weeks, 6 days ago

Additional Listing

on 12/05/2019

Total Voting Rights

on 12/02/2019