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:  [phone]
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial Officer
Jennifer Iveson, Investor Relations
Rothschild & Co			Tel: [phone]
Andrew Thomas
MHP Communications			Tel:  [phone]
Andrew Jaques
Giles Robinson
Charles Hirst
Catherine Chapman

 

END

 

 

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