REG - Sainsbury(J) PLC - Commencement of Share Buyback Programme

J SainsburyAnnouncement

22/04/2025 07:00

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RNS Number : 5345F  Sainsbury(J) PLC  22 April 2025

22 April 2025

 

J Sainsbury plc

(the 'Company')

 

Commencement of Share Buyback Programme

Further to the announcement of 17 April 2025, J Sainsbury plc is pleased to
announce the commencement of a share buyback programme of up to £200 million,
to be completed by the end of the first half of this financial year, 12
September 2025 (the "Programme").

 

The Programme will commence on 22 April 2025. The sole purpose of the
Programme is to reduce the Company's share capital. The Company intends to
cancel the repurchased ordinary shares.

 

The Company has entered into non-discretionary instructions with BNP Paribas
to conduct the Programme on its behalf and to make trading decisions under the
Programme independently of the Company.

 

The Programme will take place within the limitations of the authority granted
to the Board of the Company by its annual general meeting, held on 4 July
2024, pursuant to which the maximum number of shares to be bought back by the
Company is 239,100,500.

 

Enquiries

 

  Investor Relations      Media

  James Collins           Rebecca Reilly
  +44 (0) 7801 813 074    +44 (0) 20 7695 7295

 

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