26th Jan 2007 07:01
JJB Sports PLC26 January 2007 Not for release, publication or distribution in whole or in part in or into theUnited States, Australia, Canada or Japan 26 January 2007 Share sale in JJB Sports plc Mr David Whelan, executive director of JJB Sports plc ("JJB Sports", the "Company"), announces his intention to sell up to 20,500,000 shares in JJBSports, representing approximately 8.6 per cent. of the issued share capital ofthe Company. This will reduce Mr Whelan and his family's holding in the Companyto approximately 29.0 per cent. Mr Whelan remains committed to the long termfuture of JJB Sports and is selling the shares for personal financial reasons.Mr Whelan has undertaken to not make further disposals of his shares for atleast 12 months. The sale of the shares is to be transacted through UBS Investment Bank. This announcement is for information purposes only and does not constitute orform part of an offer or invitation to acquire or dispose of any securities ofthe Company, or constitute a solicitation of any offer to purchase or subscribefor securities in any jurisdiction, including the United States, Canada,Australia or Japan. The Company's shares have not been, and will not be,registered under the United States Securities Act of 1933, as amended, or underthe securities legislation of any state of the United States. The Company's shares may not, directly or indirectly, be offered or sold withinthe United States, Canada, Australia or Japan or offered or sold to a residentof Canada, Australia or Japan. JJB Sports shares have not been, and will not be,registered under the United States Securities Act of 1933, as amended, and maynot be offered or sold in the United States absent registration or an exemptionfrom registration. No public offering of securities is being made in the UnitedStates. This announcement is not for publication or distribution to persons in theUnited States of America, its territories or possessions or to any US person(within the meaning of Regulation S under the US Securities Act of 1933, asamended). Neither this announcement nor any copy of it may be taken ortransmitted into Australia, Canada or Japan or to Canadian persons or to anysecurities analyst or other person in any of those jurisdictions. Any failure tocomply with this restriction may constitute a violation of United States,Australian, Canadian or Japanese securities law. The distribution of thisannouncement in certain other jurisdictions may be restricted by law and personsinto whose possession this announcement comes should inform themselves about,and observe, any such restrictions. This announcement and any offer of securities to which it relates are onlyaddressed to and directed at persons who are (1) qualified investors within themeaning of directive 2003/71/ec and any relevant implementing measures (the"prospectus directive") and (2) who have professional experience in mattersrelating to investments who fall within article 19(1) of the Financial Servicesand Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or arepersons falling within article 49(2)(a) to (d) ("High Net Worth Companies,Unincorporated Associations, etc") of the Order (all such persons together beingreferred to as "relevant persons"). The information regarding the sale set outin this announcement must not be acted on or relied on by persons who are notrelevant persons. Any investment or investment activity to which thisannouncement relates is available only to relevant persons and will be engagedin only with relevant persons." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JJB.L