JD Sports also gave updated guidance ahead of its AGM, saying: "While we must recognise the risk of further temporary store closures across our global estate and the potential repayment of government support to payroll costs in the current year, we presently believe that the group is on track to deliver profit before tax and exceptional items for the full year at an increased level of no less than £550 million." JD Sports shares rose 5% to around £9.65 to give the firm a stock market value of about £10 billion. In an AGM statement, JD Sports said: "With regard to governance matters, we would like to clarify the following points: In conjunction with the board's succession planning and to strengthen the depth of the management team it is our intention to divide the current role of Executive Chairman and CEO before the next Annual General Meeting and a comprehensive process will commence shortly.