FRAS Frasers Group Plc

TIDMSPD

RNS Number : 4833S

Sports Direct International Plc

03 October 2017

Date: 3 October 2017

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 29 September 2017, a total of 290,795 ordinary shares of 10 pence each in the Company ("Shares") were acquired by 52 participants following the exercise of awards under the Company's share schemes. The 273,318 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 411 pence per Share (being an amount equal to the mid-market closing price of a Share on 29 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

POSLLFLTILLFIID

(END) Dow Jones Newswires

October 03, 2017 02:00 ET (06:00 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