Incorrect date/time format in Scrum Project Sprint header

Summary

Despite setting the date/time format in Administration > System > Look and feel, Sprints will still show the default date/time format. Re-indexing and changing the language does not make any changes.

Steps to reproduce:

1. Go to Administration > System > Look and feel
2. Change the date/time format:
   
3. Go to any existing active Sprint. The date/time would be displayed using the default format:
   

Expected Results

Date/time format would follow the configurations set in Administration > System > Look and feel

Actual Results

The configurations are not followed and date/time format still shown as default.

Workaround

None.