Business
Proposed Share Sub-division and Notice of GM
Proposed Share Sub-division and Notice of GM.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0902O\n JD Sports Fashion Plc\n 05 October 2021\n \n \n \n \n JD Sports Fashion plc\n \n \n Proposed Share Sub-division and Notice of General Meeting\n \n \n 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.\n \n \n 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\").\n 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.\n \n \n The ticker for the New Ordinary Shares will be the same as the ticker for the Existing Ordinary Shares (JD).\n \n \n 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 \n \n www.jdplc.com\n \n .\n \n \n The expected timetable of events and key statistics are set out below.\n \n \n Enquiries:\n \n \n JD Sports Fashion plc Tel: 0161 767 1000\n \n Peter Cowgill, Executive Chairman\n Neil Greenhalgh, Chief Financial Officer\n Jennifer Iveson, Investor Relations\n Siobhan Mawdsley, Company Secretary\n \n \n \n \n MHP Communications &nb...