Share buyback programme

Share buyback programme

On 26 April 2024, J Sainsbury plc (the 'Company') announced the commencement of a share buyback programme of up to £200 million, to be completed by the end of this financial year, 1 March 2025.

On 17 December 2024, the Company announced the completion of the £50 million second tranche of the £200 million programme, which began on 22 November 2024. A total of 18,802,688 ordinary J Sainsbury plc shares were purchased for cancellation during the second tranche.

Completion of the second tranche completes the £200 million share buyback programme.

The Company entered into non-discretionary instructions with UBS AG London Branch to conduct the Programme on its behalf and to make trading decisions under the Programme independently of the Company. The sole purpose of the Programme was to reduce the Company's share capital.

The Programme took 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.

 

The announcements made at the start of each tranche of the programme which can be viewed here. 

A breakdown of the daily transaction details can be found here and is updated weekly during the buyback programme. The daily transaction announcements are also available here.