Sports Direct International Plc Employee Shares (1687Q)
September 08 2017 - 2:00AM
UK Regulatory
TIDMSPD
RNS Number : 1687Q
Sports Direct International Plc
08 September 2017
Date: 8 September 2017
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE
SHARES
On 6 September 2017, a total of 11,104,370 ordinary shares of 10
pence each in the Company ("Shares") were acquired by 1,965
participants following the exercise of awards under the Company's
share schemes. The 10,111,310 Shares sold by participants following
exercise were acquired by Estera Trust (Jersey) Limited as Trustee
of the Sports Direct Employee Benefit Trust (the "Trustee"), with
the acquisition being funded by a loan advanced by the Company. The
Shares were acquired at a price of 390 pence per Share (being an
amount equal to the mid-market closing price of a Share on 6
September 2017) in an off-market transaction effected in Jersey.
The Trustee has purchased these Shares in order to help meet future
obligations arising under the Company's share schemes.
-Ends-
Sports Direct International
plc T. 0344 245 9200
Cameron Olsen, Company E. investor.relations@sportsdirect.com
Secretary
KBA PR
Keith Bishop T. 0207 734 9995
E. sd@kbapr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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