REG - JD Sports Fashion - Proposed Share Sub-division and Notice of GM
RNS Number : 0902OJD Sports Fashion Plc05 October 2021JD 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
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