Hand in Hand with BofA, JD Sports Fashion Seeks Value with Own-Share Acquisition

Published: 02 May 2025
In a strategic bid to boost shareholders' value, JD Sports Fashion Plc has initiated a significant share buyback.

JD Sports Fashion Plc, a titan in the UK fashion industry, has made an eye-catching move with the purchase of a substantial number of its own shares. This strategic manoeuvre is part of their larger share buyback programme, which was revealed to the public on 9 April 2025.

The acquisition has seen the company procure 1,444,869 ordinary shares, each priced at £0.0005, from Merrill Lynch International, commonly referred to as BofA. This was accomplished at an average cost per share of £0.80, with individual share prices ranging from £0.78 to £0.80. The move has added a significant boost to the company’s treasury stock.

As a result of the buyback, JD Sports Fashion now holds an impressive 17,809,840 of its shares in treasury, with a staggering number of 5,165,325,905 ordinary shares still in circulation, exclusive of the treasury stocks.

A comprehensive breakdown of individual trades associated with the buyback programme, executed on behalf of the company by BofA, is detailed on the London Stock Exchange’s official site. For inquiries, Theresa Casey, the General Counsel & Company Secretary, and Mark Blythman, the Investor Relations Director, can be contacted on behalf of the company.