Strategic US investments

RNS Number : 6913L

Sports Direct International Plc

13 January 2016

 

13 January 2016

Sports Direct International plc

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:

·        5,573,570 shares in Iconix Brand Group Inc, representing 11.52% of the issued common stock of that company; and

·        2,112,028 shares in Dick's Sporting Goods Inc, representing 2.34% 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 Dave Forsey, Chief Executive Matt Pearson, Acting Chief Financial Officer	T: 0344 245 9200
Powerscourt Rory Godson                                         Peter Ogden Lisa Kavanagh	T: 020 7250 1446

 

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