19th Jan 2005 09:00
Sainsbury(J) PLC19 January 2005 19 January 2005 B share scheme elections and redemption of B shares The registrars have notified J Sainsbury plc of the B share redemption figuresfor the redemption on 18 January 2005. • 54,395,702 B shares (representing 2.80% of the total number of B shares issued) have been redeemed on 18 January 2005. • 61,615,844 B shares (representing 3.17% of the total number of B shares issued), remain outstanding to be redeemed in the future on 18 January or 18 July in each calendar year until 18 July 2007. Enquiries: Investor Relations Media+44 (0) 20 7695 7162 +44 (0) 20 7695 6127Roger Matthews Pip WoodLynda Ashton Notes: 1. Payments in respect of B shares redeemed yesterday have been settled through the CREST system or, for certificated holders, cheques were despatched on 18 January 2005 2. The next date on which outstanding B shares may be redeemed is 18 July 2005. Redemption Notices to be received by the Company's registrar by 30 June 2005. 3. 1,943,173,266 B shares were issued on 19 July 2004. 4. The Company shall be obliged to redeem all B shares remaining in issue on 18 July 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sainsbury's