Put Option

RNS Number : 9927X

Sports Direct International Plc

12 May 2016

 

12 May 2016

Sports Direct International plc

Put Option in relation to 10.5% stake in Debenhams plc

Sports Direct International plc ("Sports Direct" or "the Group"), the UK's leading sports retailer, announces that, further to the announcement made by the Group on 23 January 2015, it has extended the Put Option Agreement entered into with Goldman Sachs International referencing 128,927,113 ordinary shares of Debenhams plc (representing 10.5 per cent of the issued share capital of Debenhams). Whilst the number of shares underlying the Put Option Agreement and the agreed exercise price remain unchanged, the maturity period for the put options has been extended by exactly one year.

Sports Direct reiterates its intention to be a supportive stakeholder in Debenhams and to create value in the interests of both Sports Direct's and Debenhams' shareholders.

This Put Option Agreement in relation to Debenhams is the only remaining put option that the Group is a party to that relates to shares in other listed companies.   

Sports Direct International plc

Dave Forsey, Chief Executive 

Matt Pearson, Acting Chief Financial Officer

T: 0344 245 9200

KBA PR

Keith Bishop

T: 020 7734 9995

 

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