Employee Benefit Trust Purchase of Shares

RNS Number : 6901G

Sports Direct International Plc

05 March 2018

 

Date: 5 March 2018

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 28 February 2018, a total of 14,557 ordinary shares of 10 pence each in the Company ("Shares") were acquired by 3 participants following the exercise of awards under the Company's share schemes. The 14,557 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 368.4 pence per Share (being an amount equal to the mid-market closing price of a Share on 28 February 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 Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34	T. 0344 245 9200 E. [e-mail]
KBA PR                                  Keith Bishop	T. 0207 734 9995 E. [e-mail]

 

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