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:
|Period of dividend||Record date||Payment date||Rate of dividend
on each B Share
|19 July 2004 to 17 January 2005||31 December 2004||18 January 2005||0.656732 pence|
|18 January 2005 to 17 July 2005||30 June 2005||18 July 2005||0.636945 pence|
|18 July 2005 to 17 January 2006||31 December 2005||18 January 2006||0.603000 pence|
|18 January 2006 to 17 July 2006||30 June 2006||18 July 2006||0.596104 pence|
|18 July 2006 to 17 January 2007||31 December 2006||18 January 2007||0.636916 pence|
|18 January 2007 to 17 July 2007||30 June 2007||18 July 2007||0.746044 pence|
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 0870 702 0106.
Here you'll find biographies of our board directors and operating board directors and which Committees they are a member of.