Last checked at 5 Oct 2021 13:45
JD Sports Fashion plc
Proposed Share Sub-division and Notice of General Meeting
JD Sports Fashion plc ("Company") announces that a notice (the "Notice") of a general meeting of the Company to be held at Edinburgh House, Hollinsbrook Way, Pilsworth, Bury, Lancashire BL9 8RR on 28 October 2021 at 1.00 p.m. ("General Meeting"), and an explanatory circular that describes a proposed share sub-division (the "Circular") will today be sent to shareholders.
The Board believes that the Company's share price has risen to a point where it is appropriate to recommend a sub-division of the Company's existing ordinary shares of 0.25 pence each ("Existing Ordinary Shares") into five new ordinary shares of 0.05 pence each ("New Ordinary Shares") (the "Share Sub-division"). The Share Sub-division will result in shareholders holding five New Ordinary Shares for each Existing Ordinary Share they held immediately prior to the Share Sub-division. The Board believes that the proposed sub-division would reduce the Company's share price to a level where smaller sized dealings in the shares would be more efficient and may improve the liquidity and marketability of the Company's shares.
The ticker for the New Ordinary Shares will be the same as the ticker for the Existing Ordinary Shares (JD).
A copy of the Circular and the accompanying form of proxy, along with the Notice, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In addition, the Circular and Notice will shortly be made available to view on the Company's website www.jdplc.com.
The expected timetable of events and key statistics are set out below.
Enquiries:
JD Sports Fashion plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial Officer
Jennifer Iveson, Investor Relations
Siobhan Mawdsley, Company Secretary
MHP Communications Tel: 0203 128 8193
Andrew Jaques
Peter Hewer
Charles Hirst
Catherine Chapman
Expected timetable
2021 | |
Publication of the Circular | Tuesday 5 October |
Latest time and date for receipt of proxy forms | 1.00pm on Tuesday 26 October |
General Meeting | 1.00pm on Thursday 28 October |
Last day for dealings in Existing Ordinary Shares | Friday 29 October |
Record date for the Share Sub-division and disablement in CREST of the existing ISIN for settlement | 6.00pm on Friday 29 October |
Listing and Admission of the New Ordinary Shares expected to commence | 8.00am on Monday 1 November |
Expected date for crediting CREST accounts with New Ordinary Shares (where applicable) | On or soon after 8.00am on Monday 1 November |
Expected date by which certificates in respect of New Ordinary Shares are to be dispatched to certificated shareholders | By Monday 15 November |
Key Statistics
Existing Ordinary Shares Number of Existing Ordinary Shares of 0.25p each in issue at the date of this document |
1,031,627,149 |
ISIN code for Existing Ordinary Shares | GB00BYX91H57 |
SEDOL code for Existing Ordinary Shares | BYX91H5 |
New Ordinary Shares Number of New Ordinary Shares of 0.05p each in issue immediately following the Share Sub-division |
5,158,135,745 |
ISIN code for New Ordinary Shares | GB00BM8Q5M07 |
SEDOL code for New Ordinary Shares | BM8Q5M0 |