Holding(s) in Company

RNS Number : 7597Y

Sainsbury(J) PLC

03 December 2014

 

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		N/A
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		N/A
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		N/A
An event changing the breakdown of voting rights		N/A
Other (please specify):	The event triggering notification is the acquisition of UBS AG by UBS Group AG through the completion of a share transfer offer on 28 November 2014 in which the shareholders of UBS AG became shareholders of UBS Group AG and their shares in UBS AG were transferred to UBS Group AG.  As a result, UBS Group AG controls UBS AG. Thus, UBS Group AG has become an indirect shareholder of J Sainsbury Plc.	Yes

3. Full name of person(s) subject to the notification obligation:	UBS Investment Bank UBS Group AG
4. Full name of shareholder(s) (if different from 3.):	UBS AG UBS AG London Branch UBS Limited
5. Date of the transaction and date on which the threshold is crossed or reached:	28 November 2014
6. Date on which issuer notified:	2 December 2014
7. Threshold(s) that is/are crossed or reached:	Above 3%

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	57,990,802	57,990,802	-	-		57,946,692	-		3.03%

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
XS1139087933	N/A	21 Nov 2019	5 years	850,435	Nominal	Delta
					0.04%	-

Total (A+B+C)
Number of voting rights	Percentage of voting rights
58,797,127	3.07%

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

UBS Group AG is a group holding company for UBS Investment Bank business. Voting rights and financial instruments are held through its controlled undertakings as set out below. Voting rights: UBS AG directly 2,030,034 (0.11%); and -     directly through its branches: UBS AG London Branch - 55,663,033 (2.91%); and -     indirectly through its subsidiaries: UBS Limited - 253,625 (0.01%). Financial Instruments: UBS AG directly 170,087 (0.01%); and -     directly through its branches: UBS AG London Branch - 680,348 (0.04%).

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:	Konstantina Georgaki / Akvile Budrikaite
15. Contact telephone number:	[phone]

 

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