Holding(s) in Company

RNS Number : 8752Y

Sainsbury(J) PLC

07 March 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		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		Yes
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:	Accumulator 1 Equity Derivative - 16 January 2012 Accumulator 2 Equity Derivative - 18 January 2012 Accumulator 3 Equity Derivative - 2 February 2012 Accumulator 4 Equity Derivative - 20 February 2012 Accumulator 5 Equity Derivative - 21 February 2012 Total Return Swap - 19 January 2012 Date on which threshold crossed: 28 February 2012
6. Date on which issuer notified:	1 March 2012
7. Threshold(s) that is/are crossed or reached:	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	45,599,916	45,599,916	45,599,916	45,599,916		2.42

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
Accumulator 1 Accumulator 2 Accumulator 3 Accumulator 4 Accumulator 5 Total Return Swap	N/A	16 Apr 12 18 Apr 12 2 May 12 21 May 12 15 May 12 24 Jan 17	N/A	210,690 389,424 149,742 39,228 263,155 10,106,504	Nominal	Delta
					0.01 0.02 0.01 0.00 0.01 0.54	N/A

Total (A+B+C)
Number of voting rights	Percentage of voting rights
56,758,659	3.02%

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 0.69% 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 1.73% 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 Swap

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:	The Company confirms it received this notification on 6 March 2012.
14. Contact name:	Erica Judge
15. Contact telephone number:	[phone]

 

END

 

 

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