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+0.13 - Fidessa Group 1,970.00 0.00
- Rolls-royce Hlg 1,222.00 0.00
JJB Sports to call in administrators
Monday, 24th September 2012
Trading of shares in JJB Sports has been suspended with the sports clothes and equipment retailer preparing to to call in administrators.JJB put itself up for sale on 30 August and has held talks with a number of potential buyers who have now submitted their final offers.
JJB says that based on the final offers received, no value will be attributable to the company's ordinary shares.
JJB says the board has determined that any sale of the trade, assets and brands will be effected through an administration process.
It is expected that the process to start the appointment of administrators will begin today (24 September).
Story provided by StockMarketWire.com
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