EMPLOYEE BENEFIT TRUST PURCHASE OF EMPLOYEE SHARES

RNS Number : 9901L

Sports Direct International Plc

02 January 2019

 

Date:  2 January 2019

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 31 December 2018, a total of 26,313 ordinary shares of 10 pence each in the Company ("Shares") were acquired by three participants following the exercise of awards under the Company's share schemes. The 26,313 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 237.8 pence per Share (being an amount equal to the mid-market closing price of a Share on 31 December 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]

 

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