JD Sports Fashion launches GBP200 million buyback programme

(Alliance News) - JD Sports Fashion PLC says it intends to return GBP200 million to shareholders through share buybacks in the 2027 financial year.

The Manchester, England-based sportswear retailer said the share buyback programme will start immediately with a value of up to GBP100 million.

It is expected to conclude by the end of the first half of the firm's financial year at the end of July 2026.

After this, JD Sports said it will enter arrangements to start the second tranche of the programme for up to GBP100 million.

The first tranche of the programme will be run by Merrill Lynch International, part of Bank of America Corp.

Shares in JD Sports Fashion were up 3.3.% at 80.78 pence in London on Monday morning.

By Michael Hennessey, Alliance News reporter

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