JD Sports Fashion has revealed plans to return £200m of capital to shareholders via share buybacks in FY27.
The move comes in line with the company’s capital allocation priorities, as well as its commitment to “continue delivering significant cash returns to shareholders,” JD Sports said.
The programme will commence immediately and will initially involve the purchase of ordinary shares of £0.0005 each in the business, with an aggregate value of up to £100m.
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It is expected to complete no later than the close of JD Sports’ first half of FY27, 31 July 2026.
Following this, the sportswear giant, which recently reported a drop in Q4 sales, plans to enter into arrangements to begin the second tranche of its programme in the sum of up to £100m.
JD Sports has entered into an “irrevocable agreement” with investment management firm Merrill Lynch International to carry out the first tranche on its behalf.
The maximum number of shares that can be acquired under the programme, as authorised by shareholders at the company’s 2025 annual general meeting on 2 July 2025, is 515,475,677.
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