Holding(s) in Company

RNS Number : 7688G

Sainsbury(J) PLC

03 July 2012

 



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		X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		X
An event changing the breakdown of voting rights
Other (please specify):

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:	Total Return Swap (TRS) - 19 January 2012 Accumulator 7 Equity Derivative - 18 April 2012 Total Return Swap (TRS) - 13 June 2012 Accumulator 8 Equity Derivative and TRS - 5 April 2012 Accumulator 9 Equity Derivative and TRS - 4 May 2012 Date on which threshold crossed: 28 June 2012
6. Date on which issuer notified:	2 July 2012
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
Ordinary shares	45,599,916	45,599,916	45,599,916	45,599,916			2.418

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

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
Accumulator 7 Total Swap Return (TRS) Accumulator 8 and TRS Accumulator 9 and TRS TRS	N/A N/A N/A N/A N/A	19 Jul 2012 24 Jan 2017 9 Oct 2013 6 Aug 2013 13 Jun 2013	N/A N/A N/A N/A N/A	745,794 25,250,426 995,500 1,861,920 1,067,000	Nominal	Delta
					0.040 1.339 0.053 0.099 0.057

Total (A+B+C)
Number of voting rights	Percentage of voting rights
75,520,556	4.004

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

M1 Capital Limited owns 13,127,973 ordinary shares (13,127,973 voting rights, representing 0.696% 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 1.721% 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 Accumulator Equity Derivatives and 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:	Adam Wilson Katsibas
15. Contact telephone number:	[phone]

 

END

 

 

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