Information  X 
Enter a valid email address

JD Sports Fashion (JD.)

  Print   

Thursday 16 April, 2020

JD Sports Fashion

Statement Regarding Rule 19.6(c)

RNS Number : 9356J
JD Sports Fashion Plc
16 April 2020
 

THIS ANNOUNCEMENT IS BEING MADE PURSUANT TO RULE 19.6(C)(II) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

 

FOR IMMEDIATE RELEASE

 

16 APRIL 2020

 

JD Sports Fashion plc ("JD")

 

RULE 19.6(C) POST-OFFER INTENTION STATEMENTS WITH REGARD TO FOOTASYLUM PLC

 

On 18 March 2019 JD announced a recommended cash offer for Footasylum plc ("FA") (the "Offer"). The Offer became wholly unconditional on 12 April 2019.

 

The CMA is currently undertaking a Phase 2 review of the Offer and consequently JD is prohibited from taking any action regarding the integration of FA into JD.

 

Accordingly, JD has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that JD has, for the reason set out above, (i) not undertaken the strategic review of FA referred to in the Offer announcement; and (ii) otherwise complied with the statements of its intentions set out therein.

 

Enquiries:








JD Sports Fashion Plc

Tel:  0161 767 1000

Peter Cowgill, Executive Chairman

Neil Greenhalgh, Chief Financial Officer

Jennifer Iveson, Investor Relations





Rothschild & Co


Tel: 0161 827 3800

Andrew Thomas







MHP Communications

Tel:  0203 128 8193

Andrew Jaques



Giles Robinson



Charles Hirst



Catherine Chapman



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
STREALLKFLAEEFA

a d v e r t i s e m e n t