REG - JD Sports Fashion - LAUNCH OF NEW £200m SHARE BUYBACK PROGRAMME

JD Sports FashionAnnouncement

23/02/2026 07:00

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RNS Number : 7235T  JD Sports Fashion PLC  23 February 2026

JD SPORTS FASHION PLC

LAUNCH OF NEW £200m SHARE BUYBACK PROGRAMME

 

JD Sports Fashion plc (the "Company") announces that it intends to return
£200m of capital to shareholders through share buybacks in FY27 (the
"Programme"), in line with the Company's capital allocation priorities and its
commitment to continue delivering significant cash returns to shareholders.

 

The Programme will commence immediately and initially involve the purchase of
ordinary shares of £0.0005 each in the Company (the "Shares") with an
aggregate value of up to £100m, and is expected to complete no later than the
close of the Company's first half of FY27, 31 July 2026 (the "First Tranche").
Thereafter, the Company intends to enter into arrangements to commence the
second tranche of the Programme in the sum of up to £100m.

 

The Company has entered into an irrevocable agreement (the "Agreement") with
Merrill Lynch International ("BofA Securities") to undertake the First Tranche
on the Company's behalf, with BofA Securities making market purchases, as
riskless principal, of the Shares on the London Stock Exchange. BofA
Securities will make trading decisions under the First Tranche independently
of the Company, subject to: (i) certain parameters agreed between BofA
Securities and the Company prior to the commencement of the First Tranche
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 as part of the Programme 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 368,613,803. 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
 Régis Schultz, Chief Executive Officer
 Dominic Platt, Chief Financial Officer
 Theresa Casey, General Counsel & Company Secretary
 Maj Nazir, Director of Investor Relations

 FGS Global
 Rollo Head, James Thompson                              Tel: 0207 251 3801

 

LEI: 213800HROV6Y9MUU8375

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