JD Sports Fashion Plc Response to CMA Announcement (0605F)
05 Julio 2023 - 5:33AM
UK Regulatory
TIDMJD.
RNS Number : 0605F
JD Sports Fashion Plc
05 July 2023
5 July 2023
JD Sports Fashion Plc
Response to CMA Announcement
JD Sports Fashion Plc ("JD") notes the Competition and Markets
Authority's ("CMA") press release earlier today regarding the
issuance of a statement of objections relating to its previously
announced investigation into suspected breaches of competition law
by the following entities: Leicester City Football Club Limited and
JD Sports Fashion Plc.
JD notes the following:
-- JD brought the conduct to the CMA's attention in January 2021
and has co-operated fully with the CMA throughout this
investigation.
-- By bringing the matter to the CMA's attention JD was able to
approach the CMA for leniency in accordance with the CMA's leniency
policy.
-- JD and the CMA subsequently signed a leniency agreement on 30
June 2023 under which the CMA has granted JD full immunity from any
fines. In accordance with the CMA's leniency guidance, JD will
continue to maintain complete and continuous cooperation with the
CMA until the conclusion of its investigation.
-- No current or former directors or senior management of JD
were involved in the offending conduct, which took place in
2018-2021.
-- JD has taken a number of steps to strengthen its competition
compliance programme and the Board reaffirms its commitment to
making the necessary resource available, internal and external, to
ensure that this is embedded into its daily operations.
JD is committed to offering great value to its customers with a
best-in-class omnichannel retail experience.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Neil Greenhalgh, Chief Financial Officer
Theresa Casey, General Counsel & Company Secretary
FGS Global Tel: 020 7251 3801
Rollo Head
Jenny Davey
James Thompson
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