Published on 10/20/2008 in the Prospect News PIPE Daily.
New Issue: JJB Sports seals £3.4 million private placement of stock
By Devika Patel
Knoxville, Tenn., Oct. 20 - JJB Sports plc said it has raised £3.4 million in a private placement of shares.
The company sold 11,944,360 ordinary shares at 28.5p per share to Sports Direct International plc.
Proceeds will be used for general working capital purposes and to strengthen JJB's financial position.
Wigan, England-based JJB Sports is a sportswear and sporting equipment retailer.
| Issuer: | JJB Sports plc
|
| Issue: | Ordinary shares
|
| Amount: | £3,404,142.60
|
| Shares: | 11,944,360
|
| Price: | 28.5p
|
| Warrants: | No
|
| Investor: | Sports Direct International plc
|
| Settlement date: | Oct. 20
|
| Stock symbol: | London: JJB
|
| Stock price: | 36.75p at close Oct. 20
|
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