Response to EU referendum

RNS Number : 2422C

Sports Direct International Plc

24 June 2016

 



Released: 24 June 2016

Sports Direct International Plc

SPORTS DIRECT INTERNATIONAL PLC

24 June 2016

RESPONSE TO UK REFERENDUM RESULT ON EUROPEAN UNION MEMBERSHIP

Following the outcome of the referendum, Sports Direct International plc ("Sports Direct" or the "Company") notes the associated market volatility and in particular material changes to sterling / dollar exchange rates, and the lack of transparency as to those rates in the short to medium term. These factors are likely to impact purchases for which the Company is currently not hedged for the FY17 period and beyond. 

The Company continues to assess the impact of the referendum and will update the market further on announcement of the preliminary results on 7 July 2016.

Ends.

Sports Direct International plc

Dave Forsey, Chief Executive

Matt Pearson, Acting Chief Financial Officer

T. 0344 245 9200

KBA PR                                 

Keith Bishop

T. 0344 245 9200

 

END

 

 

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