Shareholders of JJB Sports will vote later this month on a proposal to issue 162.5 million new shares in order to raise £65 million (€74m-$106m) so it can continue with its restructuring plan. The four largest shareholders, Harris Associates, Crystal Amber, Invesco Asset Management and the Bill & Melinda Gates Foundation Trust, all support the plan. A few days ago, JJB's creditors approved a company voluntary arrangement that allows the retailer to pay reduced rent to its landlords in return for a share in the value of the company after its reorganization.

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