Sports Direct International Plc SD Employee Benefit Trust Purchase Employee Shares (0898Q)

TIDMSPD

RNS Number : 0898Q

Sports Direct International Plc

01 June 2018

Date: 1 June 2018

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF

EMPLOYEE SHARES

On 31 May 2018, a total of 79,312 ordinary shares of 10 pence each in the Company ("Shares") were acquired by eight participants following the exercise of awards under the Company's share schemes. The 56,025 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 4.0645 pence per Share (being an amount equal to the mid-market closing price of a Share on 31 May 2018) 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 Secretary     E. [e-mail] 
  LEI: 213800JEGHHEAXIJDX34 
 KBA PR 
  Keith Bishop                         T. 0207 734 9995 
                                       E. [e-mail] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCEASKFEEAPEFF

(END) Dow Jones Newswires

June 01, 2018 11:09 ET (15:09 GMT)