Summary
SPORTS retailer JJB Sports has finalised terms of a deal that should secure its future, sending its shares up 16pc, or 1 3 4 p to 13p.
Under the proposals, landlords of 140 closed stores can make claims against a total fund of Pounds 10m and JJB will move temporarily to pay its rent on the remaining 250 stores on a monthly basis. Meetings will be held later this month to ask for approval from creditors and shareholders for the plan, called a company voluntary agreement.See the full content of this document
Extract
Jjb Scores Deal to Secure Its Future
The trou...
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