In this section
Our Sustainability Plan
Annual Report 2016
On 30 April 2004, we announced the completion of the sale of Shaw's, our US supermarket business to Albertson's, Inc. In relation to this sale around £680 million was returned to shareholders in the form of a tax-efficient 'B Share scheme'.
For every Sainsbury's share shareholders held at the close of business on 16 July 2004, they received one B Share, with each B Share entitling the shareholder to receive 35 pence in cash. On this date, the ordinary share capital was consolidated on the basis of seven new ordinary shares of 28 4/7 pence for every eight ordinary shares of 25 pence. The consolidation was linked to the return of capital.
Full details of the B Share scheme and the consolidation can be found in the following documents:
J Sainsbury plc redeemed all outstanding B Shares on 18 July 2007.
If you have any additional queries regarding B Shares, please contact our registrars, Computershare, on +44 (0)370 702 0106.
Here is an overview of our financial performance. More detailed information is available in the 5 year summary and the Investor section.
Biographies of our plc and operating board directors and the committees they are a member of.
© J Sainsbury plc 2016