With 100 percent of the votes cast in favor of a proposed resolution, a general shareholders’ meeting of JD Sports Fashion decided on Nov. 26 to divide each ordinary share of 0.25 pence into five ordinary shares of 0.05 pence. The 5,158,135,745 new shares, all with voting rights, will start trading on the London Stock Exchange on Tuesday, Nov. 30. The share price of the company, which is controlled by Pentland Group, has been rising steadily so far this year, giving it a current market capitalization of around £11.3 billion (€13.3bn-$15.1bn).

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