JD Sports Fashion Plc (JD.L), a sports fashion retailer, said on Thursday that it will begin a program on April 10 to repurchase shares of 0.0005 pounds each to buyback up to 100 million pounds of shares.
This repurchase drive, aims to reduce the share capital of the company, is expected to be completed by July 31.
JD Sports has entered into a deal with Merrill Lynch International, BofA Securities, to undertake the repurchase on the company's behalf.
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