FRAS Frasers Group Plc

TIDMSPD

RNS Number : 6913L

Sports Direct International Plc

13 January 2016

13 January 2016

Sports Direct International plc

Strategic US investments

Sports Direct International plc ("Sports Direct" or "the Company") is pleased to announce that consistent with its long standing strategy of taking strategic stakes it now holds the following indirect economic interests through contracts for difference:

-- 5,573,570 shares in Iconix Brand Group Inc, representing 11.52% of the issued common stock of that company; and

-- 2,112,028 shares in Dick's Sporting Goods Inc, representing 2.34% of the issued common stock of that company.

The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships with the relevant parties. They also help the Company to build relationships with key suppliers and brands.

Ends.

 
 Sports Direct International     T: 0344 245 9200 
  plc 
  Dave Forsey, Chief Executive 
  Matt Pearson, Acting 
  Chief Financial Officer 
 Powerscourt                     T: 020 7250 1446 
  Rory Godson 
  Peter Ogden 
  Lisa Kavanagh 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 13, 2016 02:00 ET (07:00 GMT)

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