29 Oct 2010 11:36
JJB Sports plc
29th October 2010
Conclusion of FSA investigation
JJB Sports plc (the "Company") announces the conclusion of an investigation by the Financial Services Authority ("FSA") into the Company's historic compliance with the Disclosure and Transparency Rules in the lead up to the release of the Group's interim results on 26 September 2008, more than two years ago and prior to the Company's restructuring.
The matter will be concluded with the imposition of a financial penalty of £455,000 which will be payable in 2011 on a date or dates to be determined. Full details will be published by the FSA following the completion of relevant regulatory processes, at which point the Company will comment further on the matter and its views as to the level of penalty imposed. No further information can be provided at this time. No further investigations into the Company by the FSA are ongoing, and the Company welcomes the finality brought by the conclusion of this investigation.