Sainsbury (J) PLC has announced the purchase of 638,474 of its ordinary shares from UBS AG London Branch. The purchases were made on 3rd May 2024, with the highest price paid per share at 267.80 pence and the lowest at 264.20 pence. The volume-weighted average price paid per share was 265.91 pence. These transactions are part of the company's existing share buyback program and were carried out in accordance with instructions issued to the Broker on 25th April 2024. The company intends to cancel these shares.

The announcement also states that a full breakdown of the individual trades made by the Broker on behalf of the Company as part of the buyback program is available through a provided link. For further information, the company has provided contact details for Investor Relations and Media inquiries.

This announcement provides insight into Sainsbury (J) PLC's recent financial activities, specifically regarding the purchase of its own shares. The company's decision to cancel these shares indicates a strategic move in managing its capital structure and returning value to its shareholders.