RESPONSE TO PRESS SPECULATION RE FINDEL PLC

RNS Number : 0319D

Sports Direct International Plc

01 July 2016

 

Released: 1 July 2016

Sports Direct International Plc

1 July 2016

SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company")

RESPONSE TO PRESS SPECULATION AND ANNOUNCEMENT BY FINDEL PLC

In response to press speculation, and to the announcement earlier today by Findel plc, Sports Direct confirms that it is in the early stages of constructive discussions with Findel plc regarding a possible commercial supply arrangement between Sports Direct and Express Gifts (a subsidiary of Findel plc) together with the possible appointment of Mike Ashley to the Board of Findel plc. 

Like Findel, Sports Direct considers there to be great merit in exploring these arrangements.

Whilst Sports Direct welcomes any support for these discussions from Findel's other major shareholders, including Schroders and Toscafund, Sports Direct would like to make clear that it is acting on its own behalf, and independently from such other shareholders. 

There can be no certainty that these discussions will result in any agreement between Sports Direct and Express Gifts.

A further announcement will be made in due course.

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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