Business
LAUNCH OF SHARE BUYBACK PROGRAMME
JD Sports Fashion plc is launching a share buyback program to purchase ordinary shares of £0.0005 each, with an aggregate value of up to £100 million. The program, designed to return up to £100 million to shareholders, commences immediately and is expected to conclude by January 31, 2026. Peel Hunt LLP will execute the buyback independently, purchasing shares on the London Stock Exchange. The maximum number of shares that may be acquired under the Programme, as authorised by shareholders, is 515,475,677, with 483,685,440 not yet utilized. Shares acquired will be either cancelled or held in treasury to reduce the company's share capital. Disclaimer*
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n\n \n25 September 2025 JD SPORTS FASHION PLC\nLAUNCH OF SHARE BUYBACK PROGRAMME\n \nJD 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.\n \nThe 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.\n \nShares 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.\n \nAny 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...