Holding(s) in Company

RNS Number : 3146J

Sports Direct International Plc

03 August 2012

 



Sports Direct International plc ("Sports Direct" or the "Company")

3 August 2012

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

In the Company's recent preliminary results announcement of 19 July 2012, the Company reported that the first award under the 2009 Bonus Share Scheme (the "Share Scheme") of up to 8 million ordinary shares would vest in August 2012.  These shares are currently in issue and held by Appleby Trust (Jersey) Limited as trustee of the Sports Direct Employee Benefit Trust (the "Trust") in order to meet obligations under the Share Scheme.

The Board of Sports Direct now announces that the Trust has agreed to purchase all the ordinary shares which the Sports Direct employees have elected to sell on vesting of their awards on 6 August 2012 under the Share Scheme.  The Trust is purchasing these Shares in order to help meet future obligations arising under the Share Scheme and the Company's other share schemes. No Directors are selling shares as part of this arrangement.

A further announcement will be made on completion of the purchase.

Enquiries:

Sports Direct International plc                   T: 0845 164 1730

Dave Forsey, Chief Executive

Bob Mellors, Group Finance Director

FTI Consulting                                           T: 0207 831 3113

Jonathon Brill

Alex Beagley

Georgia Mann

 

END

 

 

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