Acquisition

RNS Number : 6376N

Sports Direct International Plc

01 October 2012

 



1^st October 2012

Sports Direct International plc

Acquisition

Sports Direct International plc ("the Group"), the UK's leading sports retailer, today announces the acquisition of certain of the trade, assets and product brands from the administrators of JJB Sports plc ("JJB") for a cash consideration of £23.77 million, with up to a further £0.25 million of additional cash consideration payable after completion of a post-sale stock take.

The Group will acquire 20 stores, substantially all of the stock in the business and the Slazenger Golf brand licences, as well as JJB's freehold property in Wigan.

Sports Direct will report its pre-close trading update on Wednesday 24 October and its Interim Results on Thursday 13 December 2012.

For further information, please contact:

Sports Direct International plc Dave Forsey, Chief Executive Bob Mellors, Group Finance Director	T. 0845 129 9229
FTI Consulting Jonathon Brill Alex Beagley Georgia Mann	T. 0207 831 3113

 

END

 

 

ACQMBBITMBAMBAT