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Sports Direct Intl. (SPD)

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Friday 17 May, 2019

Sports Direct Intl.

Disposal of Property

RNS Number : 4578Z
Sports Direct International Plc
17 May 2019
 

17 May 2019

 

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

 

Disposal of Property in Shirebrook

Sports Direct announces that it is, through its wholly owned subsidiary Sportsdirect.com Retail Limited, in advanced negotiations to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to KWAA Logix Sportivo Limited for a cash consideration of £120,050,000 (the "Transaction").

Sports Direct will on completion, take a 15 year lease of the Property and intends to continue to operate the Property as a distribution centre, offices and retail. The Company intends to use the proceeds of sale towards the working capital of the Company and its group operations.

Ends.

 

Sports Direct International plc

Cameron Olsen, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

 

T. 0344 245 9200

E. [email protected]

 

 


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