Strategic Investments

RNS Number : 5923F

Sports Direct International Plc

18 May 2017

 

Date: 18 May 2017

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Strategic US investments

Sports Direct International plc ("Sports Direct" or "the Company") is pleased to announce that consistent with its long standing strategy of taking strategic stakes it now holds the following indirect economic interests through contracts for difference with Monecor (London) Ltd:

·        6,981,192 shares in Iconix Brand Group Inc, representing 12.23% of the issued common stock of that company; and

·        3,716,003 shares in Finish Line Inc, representing 9.21% of the issued common stock of that company.

The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships with the relevant parties. They also help the Company to build relationships with key suppliers and brands.

Ends.

Sports Direct International plc Cameron Olsen, Company Secretary	T. 0344 245 9200 E. [e-mail]
KBA PR                                  Keith Bishop	T. 0207 734 9995 E. [e-mail]

 

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