25th Jun 2010 10:37
Company Voluntary Arrangements: Publication of Supervisors' Reports and Notices of Termination
On 29 May 2009, JJB Sports PLC (the "Company") announced the implementation of company voluntary arrangements proposed by the directors of the Company and its wholly owned subsidiary, Blane Leisure Limited, details of which were set out in the proposals document published on 6 April 2009.
All claims have now been dealt with, and relevant payments made, in accordance with the terms of the company voluntary arrangements and the Company is pleased to announce that the supervisors of the company voluntary arrangements, partners in KPMG LLP, have now published their final reports on the arrangements and served notices terminating the arrangements with effect from 16 June 2010.
A copy of the supervisors' final reports on the arrangements and the termination notices are available on the Company's corporate website at www.jjbcorporate.co.uk
John Clare, Chairman, commented:
"We are delighted that the group has successfully concluded the company voluntary arrangements that were put in place last year with the overwhelming support of creditors and shareholders as part of its restructuring. Our focus remains firmly on continuing the turnaround of the business."
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Enquiries:
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JJB Sports plc Richard Manning |
+44 (0) 1942 221 400
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About JJB Sports
JJB Sports plc (JJB: LSE) is one of the UK's leading sports retailers. The group, headquartered in Wigan and listed on the Main Market of the London Stock Exchange, trades from 250 JJB branded retail stores in the UK and Ireland and employs approximately 7,600 people. Further information about the group can be found on the group's corporate website, www.jjbcorporate.co.uk.
Related Shares:
JJB.L