26th Oct 2007 07:01
Takeover Panel26 October 2007 2007/34 SAINSBURY (J) PLC ("SAINSBURY") DELTA (TWO) LIMITED (A COMPANY CONTROLLED BY A FUND ESTABLISHED BY THE QATAR INVESTMENT AUTHORITY) ("DELTA (TWO)") Following recent representations made to the Panel Executive by the advisers toSainsbury and Delta (Two), the Panel Executive has considered the application ofRule 2.4(b) of the Code to the approach by Delta (Two) to Sainsbury. The PanelExecutive has ruled that, unless the Panel Executive consents otherwise, Delta(Two) must, by 5pm on 8 November 2007, either announce a firm intention to makean offer for Sainsbury under Rule 2.5 of the Code or announce that it does notintend to make an offer for Sainsbury. In the event that Delta (Two) announcesthat it does not intend to make an offer for Sainsbury, Delta (Two) and anyperson acting in concert with it will, except with the consent of the PanelExecutive, be bound by the restrictions contained in Rule 2.8 of the Code forsix months from the date of such announcement. Each of the parties has accepted this ruling. 26 October 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sainsbury's