13th Jan 2022 14:09
JD Sports Fashion PLC - Bury, Lancashire-based sports and outdoor clothing retailer - Executive Chair Peter Cowgill sells 10.0 million shares at average 213.22 pence, worth GBP21.3 million, on Thursday. Cowgill now has 9.7 million shares, a 0.2% stake, meaning he sold over half his existing stake. JD Sports gave no reason for the share disposal. On Wednesday, the retailer provided a Christmas trading update, saying it put in an "extremely robust" performance against a backdrop of disruption to supply chain operations from some of its key brand partners. Back in July, JD Sports bowed to pressure over its corporate governance and agreed to split Cowgill's dual role of chair and chief executive.
Current stock price: 194.89 pence, down 7.9% on Thursday following announcement
12-month change: up 14%
By Tom Waite; [email protected]
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