REG - JD Sports Fashion - LAUNCH OF SHARE BUYBACK PROGRAMME

JD Sports FashionAnnouncement

25/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250925:nRSY6913Aa&default-theme=true

RNS Number : 6913A  JD Sports Fashion PLC  25 September 2025

 

25 September 2025 JD SPORTS FASHION PLC

LAUNCH OF SHARE BUYBACK PROGRAMME

 

JD Sports Fashion plc (the Company) announces that it will commence a share
buyback programme to purchase ordinary shares of £0.0005 each in the Company
(the Shares) with an aggregate value of up to £100 million (the Programme).
The Programme will therefore return up to £100 million to shareholders. The
Programme will commence immediately today and is expected to complete by the
end of the financial year, being 31 January 2026.

 

The Company has entered into an irrevocable agreement (the Agreement) with
Peel Hunt LLP (Peel Hunt) to undertake the Programme on the Company's behalf,
with Peel Hunt making market purchases, as riskless principal, of the Shares
on the London Stock Exchange. Peel Hunt will make trading decisions under the
Programme independently of the Company, subject to: (i) certain parameters
agreed between Peel Hunt and the Company prior to the commencement of the
Programme pursuant to the Agreement; and (ii) the Company's right to terminate
the Agreement in certain customary circumstances. Any purchases of Shares
contemplated by this announcement will be subject to the terms of the
Agreement.

 

Shares acquired by Peel Hunt under the Agreement will be sold on to the
Company and will either be cancelled or held in treasury. The purpose of the
Programme is to reduce the share capital of the Company. The maximum number of
Shares that may be acquired under the Programme, as authorised by shareholders
at the Company's 2025 annual general meeting on 2 July 2025 (the 2025
Shareholder Authority), is 515,475,677. The amount not yet utilised at the
date of this announcement is 483,685,440. The 2025 Shareholder Authority will
expire at the close of business on 31 July 2026 or, if earlier, on the
conclusion of the Company's 2026 annual general meeting, where the Company
expects to seek renewal of the 2025 Shareholder Authority.

 

Any purchase of Shares under the Programme will be executed in accordance with
the Company's general authority to purchase Shares pursuant to the 2025
Shareholder Authority, the assimilated UK Market Abuse Regulation 596/2014 and
the assimilated Commission Delegated Regulation (EU) 2016/1052 (in each case
as incorporated into the law of the United Kingdom by the European Union
(Withdrawal) Act 2018 (as amended)), and Chapter 9 of the UK Financial Conduct
Authority's UK Listing Rules.

 

Any purchase of Shares under the Programme will be announced by no later than
7.30 a.m. on the business day following the calendar day on which the relevant
purchase occurred.

 

Enquiries:

 

 JD Sports Fashion Plc                                                  Tel: 0161 767 1000

 Andrew Higginson, Chair
 Régis Schultz, Chief Executive Officer
 Dominic Platt, Chief Financial Officer
 Theresa Casey, General Counsel & Company Secretary
 Maj Nazir, Director of Investor Relations

 

 FGS Global      Tel: 0207 251 3801
 Rollo Head
 Jenny Davey
 James Thompson

 

LEI: 213800HROV6Y9MUU8375

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUSUVRVBUKUAR