JJB Sports plc (JJB) announced on 30 August 2012 that its board does not believe that JJB will be able to raise sufficient funds to improve its trading performance. JJB will therefore undergo a formal sale process under the Takeover Code.
However, the Takeover Panel has granted JJB certain dispensations from the Takeover Code so that any interested party who participates in the formal sale process will not be required to be publicly identified as a result of the formal sale process announcement and will also not be subject to certain deadlines.