Share ownership

RNS Number : 4482H

Sports Direct International Plc

22 February 2010

 



22 February 2010

Sports Direct International plc

Share ownership

Sportsdirect.com Retail Limited ("SWI"), a wholly-owned indirect subsidiary of Sports Direct International Plc, has been in dispute over the ownership of certain interests in Blacks Leisure Group plc ("Blacks") and JD Sports Fashion plc ("JD") with Kaupthing Singer & Friedlander Limited (in administration) ("KSF"). SWI proposes to acquire such right, title and interest as is held by KSF in 12,153,071 ordinary shares in Blacks and 5,775,255 ordinary shares in JD on the basis that the acquisition would be without prejudice to certain existing rights of the parties.

If such rights in the shares are acquired, SWI currently intends to vote against the resolutions proposed by Blacks at its general meeting convened for 24 February, however this remains subject to review and final determination by the board of directors of SWI prior to that general meeting being held.

Ends

For further information, please contact:

Sports Direct International plc                                          T. 0870 333 9410

Dave Forsey, Chief Executive

Bob Mellors, Group Finance Director

Financial Dynamics                                                              T. 0207 831 3113

Jonathon Brill

Caroline Stewart

Alex Beagley

 

END

 

 

MSCLFFIFFFILFII