Holding(s) in Company

RNS Number : 9632N

Sainsbury(J) PLC

13 September 2013

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

J Sainsbury plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify):		No

3. Full name of person(s) subject to the notification obligation:	M1 Capital Limited M1 Capital International Investments Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	Date of the transaction: 10 September 2013 Date on which threshold crossed: 10 September 2013
6. Date on which issuer notified:	12 September 2013
7. Threshold(s) that is/are crossed or reached:	4%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares		Number of voting rights			% of  voting rights
			Direct		Direct	Indirect		Direct	Indirect
GB00B019KW72	43,622,616	43,622,616	42,160,449	42,160,449			2.218%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A	N/A	N/A	N/A	N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
Total Return Swap 1 (TRS 1) TRS 2 TRS 3 TRS 4 TRS5 TRS 6	N/A N/A N/A N/A N/A N/A	24 Jan 2017 5 Aug 2014 18 Jun 2014 18 Mar 2014 18 Dec 2013 14 Oct 2013	N/A N/A N/A N/A N/A N/A	26,581,585 2,999,760 1,067,000 246,326 169,444 1,393,700	Nominal	Delta
					1.398% 0.158% 0.056% 0.013% 0.009% 0.073%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
74,618,264	3.925%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

M1 Capital Limited owns 9,688,506 ordinary shares (9,688,506 voting rights, representing 0.51% of the total voting rights) M1 Beta Capital Limited, a wholly owned subsidiary of M1 Capital Limited, owns 32,471,943 ordinary shares (32,471,943 voting rights, representing 1.71% of the total voting rights) M1 Capital International Investments Limited, a member of the same group of companies as M1 Capital Limited, is the counterparty to the Total Return Swaps.

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:
14. Contact name:	May Khalife and Sherine El Jamal
15. Contact telephone number:	[phone]

 

END

 

 

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