JD Sports Fashion Plc Proposed Share Sub-division (9889N)
01 November 2016 - 11:00PM
UK Regulatory
TIDMJD.
RNS Number : 9889N
JD Sports Fashion Plc
01 November 2016
JD 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
Hollinsbrook Way, Pilsworth, Bury, Lancashire BL9 8RR on 24
November 2016 at 1.00 p.m. ("General Meeting"), and an explanatory
circular that describes a proposed share sub-division (the
"Circular") has today been 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 1.25p each ("Existing
Ordinary Shares") into five new ordinary shares of 0.25p each ("New
Ordinary Shares") (the "Share Sub-division"). The Board believes
that this proposed sub-division would, among other things, reduce
the Company's share price to a level where smaller sized dealings
in the shares would be more efficient and may improve liquidity and
marketability of the Company's shares.
On 13 September 2016, the Company announced an interim dividend
of 1.25p per Existing Ordinary Share. This dividend will be paid on
6 January 2017 to shareholders on the register as at close of
business on 2 December 2016 (the "Dividend Record Date"). As it is
currently expected that the Share Sub-division will become
effective prior to the Dividend Record Date, the dividend per
Existing Ordinary Share of 1.25p will also be sub-divided on the
same basis as the Existing Ordinary Shares so that, on the Dividend
Record Date, each New Ordinary Share will be entitled to a dividend
of 0.25p. The aggregate monetary value of the dividend to be paid
by the Company and received by eligible shareholders will not be
affected by the proposed Share Sub-division.
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
www.morningstar.co.uk/uk/NSM. 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
Siobhan Mawdsley
Company Secretary
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Gina Bell
Expected timetable
2016
General Meeting 1.00pm on 24 November
Record date for the Share Sub-division Close of business
on 25 November
Last day for dealings in Existing 25 November
Ordinary Shares
Dealings in the New Ordinary 8.00 am on 28 November
Shares expected to commence
Expected date for crediting 8.00 am on 28 November
CREST accounts with New Ordinary
Shares (where applicable)
Expected date by which certificates By 6 December
in respect of New Ordinary
Shares are to be dispatched
to certificated shareholders
Key Statistics
Existing Ordinary Shares
Number of Existing Ordinary Shares of
1.25p each in issue at the date of this
document 194,646,632
ISIN code for Existing Ordinary Shares GB00BMNQZP86
SEDOL code for Existing Ordinary Shares BMNQZP8
New Ordinary Shares
Number of New Ordinary Shares of 0.25p
each in issue immediately following
the Share Sub-division 973,233,160
ISIN code for New Ordinary Shares GB00BYX91H57
SEDOL code for New Ordinary Shares BYX91H5
This information is provided by RNS
The company news service from the London Stock Exchange
END
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