FRAS Frasers Group Plc

TIDMSPD

RNS Number : 5923F

Sports Direct International Plc

18 May 2017

Date: 18 May 2017

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

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 with Monecor (London) Ltd:

-- 6,981,192 shares in Iconix Brand Group Inc, representing 12.23% of the issued common stock of that company; and

-- 3,716,003 shares in Finish Line Inc, representing 9.21% 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                            E. investor.relations@sportsdirect.com 
  Cameron Olsen, Company 
  Secretary 
 KBA PR                         T. 0207 734 9995 
  Keith Bishop                   E. sd@kbapr.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAPMATMBBBBIR

(END) Dow Jones Newswires

May 18, 2017 11:16 ET (15:16 GMT)

Frasers (LSE:FRAS)
Historical Stock Chart
From Mar 2024 to Apr 2024

Frasers (LSE:FRAS)
Historical Stock Chart
From Apr 2023 to Apr 2024