Sports Direct International Plc Put Option (9927X)
May 12 2016 - 2:00AM
UK Regulatory
TIDMSPD
RNS Number : 9927X
Sports Direct International Plc
12 May 2016
12 May 2016
Sports Direct International plc
Put Option in relation to 10.5% stake in Debenhams plc
Sports Direct International plc ("Sports Direct" or "the
Group"), the UK's leading sports retailer, announces that, further
to the announcement made by the Group on 23 January 2015, it has
extended the Put Option Agreement entered into with Goldman Sachs
International referencing 128,927,113 ordinary shares of Debenhams
plc (representing 10.5 per cent of the issued share capital of
Debenhams). Whilst the number of shares underlying the Put Option
Agreement and the agreed exercise price remain unchanged, the
maturity period for the put options has been extended by exactly
one year.
Sports Direct reiterates its intention to be a supportive
stakeholder in Debenhams and to create value in the interests of
both Sports Direct's and Debenhams' shareholders.
This Put Option Agreement in relation to Debenhams is the only
remaining put option that the Group is a party to that relates to
shares in other listed companies.
Sports Direct International plc
Dave Forsey, Chief Executive
Matt Pearson, Acting Chief Financial Officer
T: 0344 245 9200
KBA PR
Keith Bishop
T: 020 7734 9995
This information is provided by RNS
The company news service from the London Stock Exchange
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