13 Sep 2012 16:10
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN AND SOUTH AFRICA AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED INTO ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.
13 September 2012
JJB Sports plc
("JJB" or the "Company" or, together with its subsidiaries, the "Group")
Update on Sale Process
As announced on 30 August 2012, JJB has invited offers to support further investment in the Company, which is most likely to involve a sale of the Company or its assets. Following that announcement, a number of parties have submitted offers to acquire the whole or substantially all of the business and assets of the Group. JJB continues to hold discussions with a number of parties but it is unlikely that any value will be attributable to the ordinary shares.
A further announcement will be made in due course.
For further information, please contact: | |
JJB Sports plc | +44 (0) 1942 22 1400 |
Dave Williams | |
KPMG (Adviser) | +44 (0) 20 7311 1000 |
David McCorquodale | |
Robert Baxter | |
Maitland | +44 (0) 20 7379 5151 |
Neil Bennett | |
Daniel Yea | |
Numis Securities (Nominated Adviser) | +44 (0) 20 7260 1000 |
Heraclis Economides | |
Richard Thomas |
A copy of the announcement will appear on the Company's corporate website, www.jjbcorporate.co.uk. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.