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LONDON - JD Sports Fashion (LON:JD) Plc announced that Regis (NASDAQ:RGS) Schultz, the Chief Executive Officer, acquired 109,933 ordinary shares on Monday, at an average price of 90.06 pence each. This purchase was conducted on the London Stock Exchange (LON:LSEG) and increases Schultz's total interest in the company to 5,428,975 shares, which represents 0.001% of the issued share capital.
The transaction, detailed in the Notification of Dealing Form, complies with the UK Market Abuse Regulation and is the first such notification for Schultz. The identification code for the ordinary shares is GB00BM8Q5M07. The total value of the shares acquired by Schultz amounts to £99,005.66.
The disclosure of this transaction provides investors with insight into the actions of the company's management, as purchases of shares by executives can be seen as a sign of confidence in the company's performance and future prospects. However, it is important to note that this transaction does not necessarily indicate future performance and should not be taken as a guarantee of future share price movements.
JD Sports Fashion Plc, which trades on the London Stock Exchange under the ticker LSE:JD (NASDAQ:JD), is a leading retailer of sports, fashion, and outdoor brands. The company has not provided any further comments on the transaction or its implications.
This news is based on a press release statement from JD Sports Fashion Plc.
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