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United Kingdom

JD Sports Fashion PLC (JD.L)

JD.L on London Stock Exchange

479.80GBp
25 Mar 2019
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Latest Key Developments (Source: Significant Developments)

JD Sports Announces Offer To Buy Footasylum For About 90.1 Mln Stg
Monday, 18 Mar 2019 

March 18 (Reuters) - JD Sports Fashion::RULE 2.7 ANNOUNCEMENT - RECOMMENDED CASH OFFER.FOOTASYLUM SHAREHOLDERS WILL RECEIVE: FOR EACH FOOTASYLUM SHARE 82.5 PENCE IN CASH.HAVE REACHED AGREEMENT ON TERMS OF A RECOMMENDED CASH OFFER FOR FOOTASYLUM BY JD.OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED CAPITAL OF FOOTASYLUM AT UP TO APPROXIMATELY £90.1 MILLION ON A FULLY DILUTED BASIS.CASH CONSIDERATION PAYABLE PURSUANT TO OFFER WILL BE FINANCED FROM JD'S EXISTING CASH RESOURCES AND FACILITIES.FOOTASYLUM DIRECTORS CONSIDER TERMS OF OFFER TO BE FAIR AND REASONABLE.FULL ACCEPTANCE OF OFFER WILL RESULT IN PAYMENT BY JD OF UP TO APPROXIMATELY £74.0 MILLION IN CASH TO FOOTASYLUM SHAREHOLDERS.FOLLOWING COMPLETION OF ACQUISITION, JD INTENDS TO MAINTAIN A SEPARATE OPERATIONAL MANAGEMENT STRUCTURE IN FOOTASYLUM.WILL CARRY OUT A STRATEGIC REVIEW OF FOOTASYLUM'S BUSINESS AND OPERATIONS IN CONJUNCTION WITH FOOTASYLUM MANAGEMENT.CONFIRMS THAT IT DOES NOT INTEND TO MAKE MATERIAL CHANGES IN CONDITIONS OF EMPLOYMENT OF EMPLOYEES AND MANAGEMENT OF FOOTASYLUM.NON-EXECUTIVE FOOTASYLUM DIRECTORS INTEND TO RESIGN WITH EFFECT FROM COMPLETION OF ACQUISITION.MAY CONSOLIDATE CERTAIN HEADQUARTER OPERATIONS OF FOOTASYLUM INTO AVAILABLE SPACE WITHIN JD'S HEADQUARTERS.DOES NOT INTEND TO MAKE ANY REDUCTION IN HEADCOUNT OF FOOTASYLUM AS A CONSEQUENCE OF ACQUISITION..  Full Article

Pentland Group Discloses 21.34 Pct Stake In Footasylum - Filing
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Footasylum PLC ::PENTLAND GROUP PLC DISCLOSES 21.34 PERCENT STAKE IN FOOTASYLUM PLC - FILING.  Full Article

Footasylum Says Business As Usual After JD Sports Buys Stake in Co
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Footasylum PLC ::FOOTASYLUM PLC - ACQUISITION OF STAKE BY JD SPORTS FASHION PLC.FOOTASYLUM PLC - NOTES TODAY'S ANNOUNCEMENT THAT JD SPORTS FASHION PLC HAS ACQUIRED 8.3% OF ISSUED SHARE CAPITAL IN FOOTASYLUM.FOOTASYLUM- CONTINUES TO OPERATE BUSINESS AS USUAL.  Full Article

JD Sports Fashion Acquired 8.3% Of Issued Share Capital Of Footasylum
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Footasylum PLC ::STATEMENT FROM JD SPORTS FASHION PLC.CONFIRMS THAT IT HAS TODAY ACQUIRED 8,676,878 SHARES IN FOOTASYLUM PLC.ACQUIRED SHARES IN FOOTASYLUM REPRESENTS 8.3% OF ISSUED SHARE CAPITAL OF FOOTASYLUM.JD SPORTS HAS ACQUIRED STAKE IN FOOTASYLUM PLC FOR INVESTMENT PURPOSES.PREPARED TO ACQUIRE UP TO AGGREGATE INTEREST OF 29.9% IN FOOTASYLUM , CONFIRMS IT IS NOT INTENDING TO MAKE AN OFFER FOR FOOTASYLUM.  Full Article

JD Sports Fashion, Sports Direct Tabled Indicative Offers For Evans Cycles - Sky News
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - :JD SPORTS FASHION, SPORTS DIRECT TABLED INDICATIVE OFFERS FOR EVANS CYCLES, PITTING THEM AGAINST HALFORDS AND OTHER FINANCIAL INVESTORS - SKY NEWS.  Full Article

JD Sports says on track to meet full-year consensus
Thursday, 28 Jun 2018 

June 28 (Reuters) - JD Sports Fashion PLC ::SAYS CONTINUES TO REMAIN CONFIDENT ABOUT PROSPECTS FOR CURRENT FINANCIAL YEAR.BOARD CONSIDERS THAT GROUP CONTINUES TO BE ON TRACK TO DELIVER A RESULT FOR FULL YEAR IN LINE WITH CONSENSUS MARKET EXPECTATIONS.  Full Article

JD Sports Fashion Says All Conditions To Acquire Finish Line Passed At AGM
Friday, 15 Jun 2018 

June 15 (Reuters) - JD Sports Fashion PLC ::THAT AT ITS GENERAL MEETING HELD EARLIER ON FRIDAY, RESOLUTION WAS DULY PASSED.ALL CONDITIONS TO ACQUISITION OF FINISH LINE AS SET OUT IN SHAREHOLDER CIRCULAR HAVE NOW BEEN SATISFIED.  Full Article

JD Sports Fashion Says FY Pretax Profit Rose 24 Pct
Tuesday, 17 Apr 2018 

April 17 (Reuters) - JD Sports Fashion PLC ::FY PRETAX PROFIT ROSE 24 PERCENT TO 294.5 MILLION STG.FY REVENUE ROSE 33 PERCENT TO 3.161 BILLION STG.FINAL DIVIDEND UP 5.4 PERCENT TO 1.37 PENCEPER SHARE.TOTAL DIVIDEND 1.63 PENCEPER SHARE.FY PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS AT 307.4 MILLION POUNDS VERSUS 244.8 MILLION POUNDS A YEAR AGO.NINE JD STORES OPENED IN ASIA PACIFIC REGION IN YEAR (2017: TWO STORES) INCLUDING FIRST STORES IN AUSTRALIA.YEAR END NET CASH OF £309.7 MILLION (2017: £213.6 MILLION).FY TOTAL GROSS MARGIN 48.4 PERCENT VERSUS 48.9 PERCENT AS REPORTED A YEAR AGO.  Full Article

The Finish Line Says Entry Into Merger Agreement With JD Sports Fashion
Monday, 26 Mar 2018 

March 26 (Reuters) - Finish Line Inc ::THE FINISH LINE, INC. ANNOUNCES ENTRY INTO MERGER AGREEMENT WITH JD SPORTS FASHION PLC.‍JD TO ACQUIRE FINL FOR $13.50 PER SHARE IN CASH​.‍AGGREGATE DEAL VALUE OF APPROXIMATELY $558 MILLION​.‍UPON CLOSING OF AGREEMENT, FINISH LINE EXECUTIVE TEAM WILL CONTINUE THEIR INVOLVEMENT WITH BUSINESS​.‍SPECIAL COMMITTEE APPOINTED BY CO'S BOARD RECOMMENDED AND BOARD VOTED UNANIMOUSLY TO APPROVE ENTERING INTO MERGER AGREEMENT​.  Full Article

JD Sports Fashion Says Confident That FY Pretax Profit Will Reach 300 Mln Stg
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Jd Sports Fashion Plc ::JD SPORTS FASHION - ‍POSITIVE LEVELS OF PERFORMANCE ANNOUNCED IN INTERIM RESULTS STATEMENT HAVE CONTINUED THROUGH SECOND HALF, INCLUDING KEY CHRISTMAS PERIOD​.JD SPORTS - ‍LIKE FOR LIKE STORE SALES IN H2 TO DATE ACROSS GROUP'S COMBINED SPORTS AND OUTDOOR FASCIAS, INCLUDING THOSE IN EUROPE, HAVE BEEN MAINTAINED ABOUT 3%​.‍CONFIDENT THAT HEADLINE GROUP PROFIT BEFORE TAX FOR YEAR ENDED 3 FEBRUARY 2018 WILL REACH AROUND £300M​.  Full Article

PRESS DIGEST- British Business - March 19

March 19 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.