Further update - Evans Cycles

RNS Number : 9191F

Sports Direct International Plc

31 October 2018

 

31 October 2018

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or "Company" or the "Group")

Further update: Evans Cycles

Following the various press reports overnight regarding the purchase by Sports Direct International plc of the business of F.W. Evans Cycles (UK) Limited (in administration) (Evans Cycles), Sports Direct confirms that the consideration for the Evans Cycles business was £8,000,000, c£2,000,000 of which was paid to fund Evans Cycles' October payroll. Sports Direct also confirms its current expectation that at least 50% of the existing stores will remain open.

Sports Direct welcomes the Evans Cycles staff to the Sports Direct family and looks forward to building mutually beneficial long-lasting relationships with the key suppliers of Evans Cycles.

Ends.

Sports Direct International plc Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34	T. 0344 245 9200 E. [e-mail]
KBA PR                                  Keith Bishop	T. 0207 734 9995 E. [e-mail]

 

END

 

 

NRAWGGGGUUPRGAG