Sainsbury(J) PLC
23 July 2003
J Sainsbury plc - Purchase of own securities
In accordance with chapter 15 of the Listing Rules notice is hereby given that
at the Annual General Meeting held on 23 July 2003, the shareholders of J
Sainsbury plc resolved that the Company be generally and unconditionally
authorised to make market purchases (within the meaning of Section 163(3) of the
Companies Act 1985) of Ordinary Shares of 25 pence each in the Company
('Ordinary Shares') upon or subject to the following conditions:
(a) the maximum number of Ordinary Shares authorised to be purchased is
193,750,000;
(b) the minimum price which may be paid for an Ordinary Share is 25 pence
(being the nominal value of an Ordinary Share) exclusive of associated
expenses;
(c) the maximum price which may be paid for an Ordinary Share is an amount
equal to 105 per cent of the average of the middle market quotations for an
Ordinary Share derived from The London Stock Exchange Daily Official List
for the five business days immediately preceding the day on which that
Ordinary Share is contracted to be purchased (exclusive of associated
expenses); and
(d) the authority to purchase hereby conferred shall expire at the conclusion
of the next Annual General Meeting of the Company after the passing of this
Resolution or 15 months from the passing of this Resolution, whichever is
the earlier, save that the Company may make a contract to purchase Ordinary
Shares under this authority before the expiry of the authority which will
or may be completed wholly or partly thereafter and a purchase of shares
may be made in pursuance of any such contract.
Further enquiries contact William Hamilton 020 7695 6379
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.