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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November 01, 2016 08:00 ET (12:00 GMT)

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