JD Sports Launches £100 Million Share Buyback Programme
JD Sports Fashion plc announced on Thursday the launch of a share buyback programme worth up to £100 million. The initiative begins immediately and is expected to run until the end of the retailer’s financial year on January 31, 2026.
Peel Hunt to Oversee the Buyback
JD Sports confirmed it has entered into an irrevocable agreement with Peel Hunt LLP to manage the buyback on its behalf. Peel Hunt will carry out share purchases on the London Stock Exchange as a riskless principal, operating independently of JD Sports within agreed parameters.
The company retains the right to terminate the agreement under certain conditions.
Purpose of the Buyback
Shares acquired under the programme will either be cancelled or placed in treasury, with the goal of reducing JD Sports’ overall share capital and enhancing shareholder value.
