SBRY.L

J Sainsbury Plc
Sainsbury(J) PLC - Transaction in Own Shares First Tranche Completion
15th October 2024, 06:00
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RNS Number : 1411I
Sainsbury(J) PLC
15 October 2024
 






15 October 2024

TRANSACTION IN OWN SHARES AND COMPLETION OF FIRST TRANCHE OF BUYBACK PROGRAMME

 

 


J Sainsbury plc (the "Company") announces today that it has purchased the following number of its ordinary shares, from UBS AG London Branch (the "Broker").

Ordinary Shares

 





Date of purchases:





14 October 2024

Number of ordinary shares purchased:



1,158,726

Highest price paid per share (pence):



275.00

Lowest price paid per share (pence):



271.80

Volume weighted average price paid per share (pence):


273.20

Such purchases form part of the Company's existing share buyback programme and were effected pursuant to the instructions issued to the Broker by the Company on 25 April 2024 as announced on 26 April 2024.

The Company intends to cancel these Shares.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of retained EU law as defined in the EU (Withdrawal) Act 2018), a full breakdown (in aggregated and detailed form) of the individual trades made by the Broker on behalf of the Company as part of the buyback programme is set out in the Schedule to this announcement available through the link below

Completion of First Tranche

This purchase completes the £150 million first tranche of the £200 million programme, which began on 26 April 2024. A total of 54,797,296 ordinary J Sainsbury PLC shares were purchased, at a volume weighted price per share of 263.3215p, for cancellation.

The remainder of the £200 million programme, the second tranche, will be completed by the end of this financial year and the Company will make a further announcement on commencement of the second tranche.


http://www.rns-pdf.londonstockexchange.com/rns/1411I_1-2024-10-14.pdf



















Enquiries











Investor Relations

 


Media

 









James Collins



Rebecca Reilly


+44 (0) 7801 813 074



+44 (0) 20 7695 7295





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