Form 8.3 - J SAINSBURY PLC

LONDON--(BUSINESS WIRE)--

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Full name of discloser:	Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose	J SAINSBURY PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:	05 May 2016
(f)	In addition to the company in 1(c) above, is the discloser making	YES:
	disclosures in respect of any other party to the offer?	HOME RETAIL GROUP

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:		ORD
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	10,476,471	0.54%	10,267,871	0.53%
(2)	Cash-settled derivatives:
		8,296,393	0.43%	191,547	0.01%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	1,000,000	0.05%	0	0.00%
	TOTAL:	19,772,864	1.03%	10,459,418	0.54%
Class of relevant security:		Convertible Bond XS1268412993
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	1,800,000	0.09%	0	0.00%
(2)	Cash-settled derivatives:
		0	0.00%	0	0.00%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%
	TOTAL:	1,800,000	0.09%	0	0.00%
Class of relevant security:		Convertible Bond XS1139087933
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	4,700,000	0.24%	0	0.00%
(2)	Cash-settled derivatives:
		0	0.00%	0	0.00%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%
	TOTAL:	4,700,000	0.24%	0	0.00%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant	Purchase/sale	Number of	Price per unit
security		securities
ADR	Purchase	200	15.3500 USD
ORD	Purchase	272	2.7190 GBP
ORD	Purchase	429	2.7010 GBP
ORD	Purchase	726	2.6660 GBP
ORD	Purchase	1,291	2.6525 GBP
ORD	Purchase	1,291	2.6510 GBP
ORD	Purchase	1,536	2.6540 GBP
ORD	Purchase	1,603	2.6930 GBP
ORD	Purchase	1,711	2.6910 GBP
ORD	Purchase	1,860	2.7135 GBP
ORD	Purchase	2,140	2.7151 GBP
ORD	Purchase	2,323	2.6740 GBP
ORD	Purchase	2,687	2.6960 GBP
ORD	Purchase	2,853	2.6975 GBP
ORD	Purchase	3,303	2.6340 GBP
ORD	Purchase	3,641	2.6520 GBP
ORD	Purchase	4,344	2.6530 GBP
ORD	Purchase	4,854	2.6500 GBP
ORD	Purchase	5,998	2.6514 GBP
ORD	Purchase	7,358	2.6614 GBP
ORD	Purchase	7,465	2.6950 GBP
ORD	Purchase	8,911	2.6417 GBP
ORD	Purchase	9,648	2.6480 GBP
ORD	Purchase	11,087	2.6490 GBP
ORD	Purchase	12,474	2.6412 GBP
ORD	Purchase	14,617	2.6470 GBP
ORD	Purchase	16,790	2.6390 GBP
ORD	Purchase	18,457	2.6487 GBP
ORD	Purchase	18,499	2.6240 GBP
ORD	Purchase	18,611	2.6460 GBP
ORD	Purchase	53,536	2.6603 GBP
ORD	Purchase	60,780	2.6402 GBP
ORD	Purchase	97,224	2.6598 GBP
ORD	Purchase	124,886	2.6452 GBP
ORD	Purchase	145,660	2.6491 GBP
ORD	Purchase	249,071	2.6435 GBP
ORD	Purchase	280,530	2.6501 GBP
ORD	Purchase	395,885	2.6444 GBP
ADR	Sale	200	15.3500 USD
ORD	Sale	272	2.7190 GBP
ORD	Sale	429	2.7010 GBP
ORD	Sale	442	2.7075 GBP
ORD	Sale	625	2.6841 GBP
ORD	Sale	1,067	2.6554 GBP
ORD	Sale	1,221	2.7129 GBP
ORD	Sale	1,291	2.6510 GBP
ORD	Sale	1,327	2.6295 GBP
ORD	Sale	1,536	2.6480 GBP
ORD	Sale	1,536	2.6460 GBP
ORD	Sale	1,536	2.6530 GBP
ORD	Sale	1,536	2.6540 GBP
ORD	Sale	1,603	2.6930 GBP
ORD	Sale	1,711	2.6910 GBP
ORD	Sale	2,272	2.6520 GBP
ORD	Sale	2,320	2.6660 GBP
ORD	Sale	2,323	2.6740 GBP
ORD	Sale	2,687	2.6960 GBP
ORD	Sale	2,726	2.6410 GBP
ORD	Sale	2,853	2.6975 GBP
ORD	Sale	2,901	2.6950 GBP
ORD	Sale	3,303	2.6340 GBP
ORD	Sale	3,594	2.6806 GBP
ORD	Sale	4,030	2.6490 GBP
ORD	Sale	5,055	2.6470 GBP
ORD	Sale	7,159	2.6891 GBP
ORD	Sale	13,991	2.6380 GBP
ORD	Sale	18,163	2.6542 GBP
ORD	Sale	23,103	2.6642 GBP
ORD	Sale	27,917	2.6565 GBP
ORD	Sale	86,508	2.6525 GBP
ORD	Sale	277,081	2.6595 GBP

(b) Cash-settled derivative transactions

Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security			securities
ORD	SWAP	Long	1,100	2.6312 GBP
ORD	CFD	Long	3,607	2.6657 GBP
ORD	CFD	Long	7,688	2.6896 GBP
ORD	CFD	Long	10,875	2.6523 GBP
ORD	CFD	Long	16,423	2.6556 GBP
ORD	SWAP	Long	130,432	2.6791 GBP
ORD	SWAP	Short	3,368	2.6470 GBP
ORD	SWAP	Short	12,542	2.6454 GBP
ORD	SWAP	Short	22,914	2.6377 GBP
ORD	CFD	Short	38,407	2.6887 GBP
ORD	SWAP	Short	53,536	2.6603 GBP
ORD	SWAP	Short	97,785	2.6526 GBP
ORD	SWAP	Short	98,119	2.6535 GBP
ORD	SWAP	Short	126,410	2.6322 GBP
ORD	SWAP	Short	133,449	2.6344 GBP
ORD	SWAP	Short	269,680	2.6579 GBP
ORD	CFD	Short	273,980	2.6349 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	YES
Date of disclosure:	6 May 2016
Contact name:	Pinar Coktas
Telephone number:	020 7116 1165

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings	Barclays PLC.
are being disclosed:
Name of offeror/offeree in relation to whose	J SAINSBURY PLC
relevant securities this from relates:

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class	Product	Writing,	Number	Exercise	Type	Expiry
of	description	purchasing,	of	price		date
relevant		selling,	securities	per unit
security		varying etc	to which
			option
			relates
ORD	Put Options	Written	1,000,000	260.0000	American	15 Dec 2017

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category Code: RET

Sequence Number: 525141

Time of Receipt (offset from UTC): 20160506T132551+0100