6th Nov 2007 16:29
R20 Limited06 November 2007 6 November 2007 R20 LIMITED ("R20") HOLDINGS IN J SAINSBURY PLC AND MITCHELLS & BUTLERS PLC R20 advises that it intends to continue to hold its shares in J Sainsbury plcand Mitchells & Butlers plc and that rumours and speculation to the contrary areunfounded. Robert Tchenguiz, Chairman of R20, commented: "Unfounded speculation is a disservice to other shareholders. Both companieshave significant value in excess of current valuations and both have a strongfuture. As a significant shareholder, R20 will continue its policy of workingconstructively with the Boards and management teams of the companies in which itinvests to realise their potential for attractive shareholder returns." R20 announces that, through its associated companies, it owns or has interestsin 76,761,583 shares in Mitchells & Butlers plc and 174,219,250 shares in JSainsbury plc.-------------------------- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & ButlersSainsbury's