Whelan to sell up to 20.5m shares in JJB Sports

David Whelan has announced his intention to sell up to 20.5m shares in JJB Sports, representing about 8.6 per cent of the issued share capital of the Company.

A JJB statement said “This will reduce Mr Whelan and his family’s holding in the Company to approximately 29.0 per cent. Mr Whelan remains committed to the long term future 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 at
least 12 months.

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