Business
Publication of Circular & General Meeting Notice
Publication of Circular & General Meeting Notice.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS IS AN ANNOUNCEMENT AND NOT A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A CIRCULAR IN RELATION TO THE TRANSACTION REFERRED TO IN THIS ANNOUNCEMENT HAS BEEN PUBLISHED TODAY.\n22 September 2023\nJD SPORTS FASHION PLC\nPUBLICATION OF CIRCULAR AND NOTICE OF GENERAL MEETING\nOn 7 July 2023, JD Sports Fashion Plc ('JD' or the 'Company') announced (the 'Transaction Announcement') its intention to acquire the remaining 49.98 per cent. of shares in Iberian Sports Retail Group, S.L. ('ISRG') that are currently held by Balaiko Firaja Invest, S.L. ('Balaiko') and Sonae Holdings, S.A. ('Sonae', and together with Balaiko, the 'Minority Shareholders') for total cash consideration of €500.1 million which will be funded from the JD Group's existing available cash resources (the 'Transaction'). The Transaction constitutes a related party transaction for JD under the Listing Rules and is conditional upon the approval of an ordinary resolution by JD Shareholders (the 'Resolution').\nJD has today published a shareholder circular in relation to the Transaction (the 'Circular') and has convened a general meeting of JD's shareholders ('JD Shareholders') at 9 a.m. on 9 October 2023 at Hollinsbrook Way, Pilsworth, Bury, Lancashire, BL9 8RR (the 'JD General Meeting') to consider and approve the Transaction. A notice of the JD General Meeting is included in the Circular and a form of proxy will be made available to JD Shareholders.\nThe expected timetable of principal events in relation to the JD General Meeting is as follows:\nEvent &...