Jjb Raises More Equity Amid Widening Investigations

2009-11-05T00:00:00

The board of JJB Sports announced that shareholders have overwhelmingly approved its proposed issue of 400 million new shares, intended to raise about £100 million (€111.7m-$164.9m) to keep the company afloat. The new shares started trading Tuesday morning on the London Stock Exchange.

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