Disposal of Property
28 May 2019
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
Disposal of Property in Shirebrook
Further to the announcement on 17 May 2019, the Company announces that it has, through its wholly owned subsidiary Sportsdirect.com Retail Limited, agreed to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to Kwasa Logix Sportivo Limited for a cash consideration of £120,050,000.
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.
Completion is expected to occur on or before 21 June 2019
Ends.
|
Sports Direct International plc Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34
|
T. 0344 245 9200 |
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 rns@lseg.com or visit www.rns.com.
Latest directors dealings
- 4 hours ago Bunzl
- 4 hours ago BlackRock World Mining Trust
- 5 hours ago SSE
- 5 hours ago Arcontech Group
- 5 hours ago Johnson Service Group