Sainsbury (J) PLC has announced the purchase of 2,818,725 of its ordinary shares from UBS AG London Branch on 1st July 2024. The highest price paid per share was 260.00 pence, the lowest was 257.60 pence, and the volume-weighted average price paid per share was 259.02 pence. These purchases are part of the company's existing share buyback program and were made in accordance with instructions issued to the Broker on 25th April 2024. The company intends to cancel these shares.

The full breakdown of the individual trades made by the Broker on behalf of the Company as part of the buyback program is available in the Schedule to the announcement. The company's Investor Relations and Media contacts are James Collins and Rebecca Reilly, respectively.

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.