RE: Deal Done2 Feb 2016 07:19
Under the terms of the Possible Offer Home Retail Group shareholders will receive per Home Retail Group share:
· 0.321 New Sainsbury's shares; and
· 55 pence in cash.
Proposed Capital Returns
In addition, Home Retail Group shareholders will receive payments as set out below (together, the "Proposed Capital Returns") per Home Retail Group share, payable before completion of the Possible Offer, of:
· approximately 25 pence (the "Homebase Capital Return"); and
· 2.8 pence in lieu of a final dividend in respect of the financial year ending 27 February 2016 (the "Additional Capital Return").