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Corporate Score 42 Bullish

J Sainsbury Launches £300 Million Share Buyback Program

Apr 24, 2026 07:51 UTC
SBRY.L, JSAIY.PK
Medium term

British supermarket giant J Sainsbury has initiated a multi-stage share repurchase plan to reduce its overall share capital. The first phase of the program involves the buyback of up to £200 million in shares.

  • Total buyback ceiling set at £300 million
  • First £200 million tranche active until September 2026
  • Final program deadline of February 27, 2027
  • Repurchased shares to be cancelled to reduce capital
  • LSE shares climbed 2.09% to 347.40 pence

J Sainsbury plc announced on Friday the commencement of a significant share buyback program totaling up to £300 million. The initiative is designed to return value to shareholders by reducing the company's total share capital through the cancellation of repurchased ordinary shares. The program is structured in phases, with the first tranche of up to £200 million already underway. This initial phase is scheduled to conclude on or before September 11, 2026, while the entire buyback program is slated for completion by February 27, 2027. To execute the repurchases, the supermarket chain has entered into non-discretionary instructions with Share Capital Stockbrokers Limited. The move follows authorization granted during the company's annual general meeting on July 3, 2025, which permitted the repurchase of up to 205.18 million shares, accounting for previous buybacks since that date. Investors reacted positively to the announcement, with shares on the London Stock Exchange rising 2.09% to trade at 347.40 pence. The move signals management's confidence in the company's valuation and cash flow stability.

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