BlackRock, Inc., a US-based investment management company, has acquired additional voting rights in J Sainsbury PLC. The acquisition took place on December 27, 2023, and was notified to the issuer on December 28, 2023. The total positions of BlackRock, Inc. in Sainsbury's now amount to 6.29% of voting rights, with 5.17% attached to shares and 1.12% through financial instruments. The total number of voting rights held by BlackRock, Inc. in Sainsbury's is 149,530,300.
The notification also provides details of the shareholder structure of BlackRock, Inc. and its controlled undertakings. The ultimate controlling person is BlackRock, Inc., which holds voting rights through various subsidiaries and entities, including BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others.
This notification of major holdings in Sainsbury's by BlackRock, Inc. indicates an increase in the company's stake in the UK-based retailer. However, the news does not provide any further information regarding the intentions or plans of BlackRock, Inc. with regards to its investment in Sainsbury's.