Business
Placing of 98 million shares in J Sainsbury plc
Qatar Holding LLC intends to sell up to 83.6 million ordinary shares in J Sainsbury plc through a placing to institutional investors, with J.P. Morgan also selling approximately 14.0 million additional shares to hedge a derivative transaction, bringing the total placing to approximately 97.5 million shares. Sainsbury's is not a party to this placing and will not receive any proceeds. Qatar Holding currently holds a 10.5% interest in the company, and its remaining shares will be subject to a 90-day lock-up post-completion. The final price and number of shares will be determined via an accelerated bookbuilding process. Disclaimer*
About this update from J Sainsbury Plc
[{"type":"text","content":"\n\nLAUNCH PRESS RELEASE\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SINGAPORE, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, SINGAPORE, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\nProposed secondary placing of up to 98 million shares in J Sainsbury plc (\"Sainsbury's\" or the \"Company\")\n2 December 2025\nQatar Holding LLC (\"QIA\") announce their intention to sell up to 83.6 million ordinary shares of 284/7 pence each (\"Shares\") in the capital of the Company (the \"Sale Shares\") through a placing to institutional investors (the \"QIA Placing\").\nAs an additional portion of the transaction, QIA entered into a derivative transaction on Sainsbury's shares with J.P. Morgan (the \"Derivative Transaction\"). In order to hedge the Derivative Transaction, J.P. Morgan are selling as principal approximately 14.0 million additional Shares (the \"Delta Shares\" and, together with the Sale Shares, the \"Placing Shares\") through a concurrent placing to institutional investors (the Delta Placing and together with the QIA Placing, the \"Placing\"). QIA will not receive any proceeds from the Delta Placing. In aggregate, the proposed number of Placing Shares to be sold pursuant to the Placing is up to approximately 97.5 million\nSainsbury's is not party to the Placing and will not receive any proceeds from the Placing.\nQIA currently holds approximately a 10.5% interest in the Company.\nFollowing successful completion of the Placing, the remaining Shares owned by QIA will be subject to a 90 day lock-up, subject to customary exceptions and waiver by the Sole Global Coordinator (as defined below).\nThe price per Placing Share and the final number of Placing Shares to be placed will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding peri...