14 Mar 2011 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA
13 March 2011
JJB Sports plc
Statement re press speculation
JJB Sports plc ("JJB" or the "Company") notes the press speculation regarding its proposed equity capital raising.
The Company currently expects the quantum of the proposed equity capital raising to be around £65 million and is in constructive discussions with its major shareholders in relation to their continued support.
As announced on 11 March 2011, the Company currently expects to provide further details of its revised business plan, anticipated funding requirements and proposed financing arrangements on or around 15 March 2011.
Enquiries:
JJB | 01942 221400 |
Mike McTighe Keith Jones | |
Lazard | 020 7187 2000 |
Melanie Gee Charlie Foreman | |
Numis | 020 7260 1000 |
Oliver Hemsley Heraclis Economides | |
Maitland | 020 7379 5151 |
Neil Bennett Richard Farnsworth |
Each of Lazard and Numis, is authorised and regulated in the UK by the Financial Services Authority, is acting for JJB and no-one else in connection with the proposed equity capital raising and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the proposed equity capital raising and will not be responsible to anyone other than JJB for providing the protections afforded to its clients or for providing advice in relation to the proposed equity capital raising or any other matters referred to in this announcement.
About JJB Sports
JJB Sports plc (JJB: LSE) is one of the UK's leading sports retailers. The Group, headquartered in Wigan and today listed on the Main Market of the London Stock Exchange, currently trades from 246 JJB branded retail stores in the UK and Ireland and employs over 6,100 people. Further information about the Group can be found on the Group's corporate website, www.jjbcorporate.co.uk.