The fund-raising comes on top of the £31.5m that the company raised earlier this year. Last month JJB also underwent a company voluntary arrangement (CVA), which is an alternative to administration under which a company's creditors are asked to accept reduced financial returns.
The retailer said that the new fund-raising will be supported by its largest shareholders Harris Associates, Crystal Amber, Invesco Asset Management and Bill & Melinda Gates Foundation Trust. The placing will be fully underwritten by Numis.
Mike McTighe, JJB's recently installed chairman, said: "Together with the implementation of the CVA and continued availability of our banking facilities with Bank of Scotland, this fundraising will mark the end of our financial restructuring process.
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