JD Sports Fashion was notified on June 5 by its executive chairman, Peter Cowgill, that he had disposed of 1,985,000 shares in the company at an average price of 671.77 pence a share, leaving him with 6,480,260 shares representing 0.67 percent of the issued share capital. He earned £13.3 million (€14.9m-$16.8m) from this transaction. JD’s stock price has gone up steadily since mid-March, when it fell below £300, despite a new negative verdict issued by the British anti-trust authority at the beginning of May on the company’s acquisition of Footasylum. The share price went up slightly to £691.20 on the day of Cowgill’s notification.