share buy back

RNS Number : 3792J

Sports Direct International Plc

09 September 2016

 

9 September 2016

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

SHARE BUYBACK

Further to the announcement made by the Company on 28 July 2016, and in reliance on the new authority to repurchase shares granted by the Company's shareholders at the Annual General Meeting on 7 September 2016, the Company announces that it intends to continue with its share buyback programme, the purpose of which is to reduce its share capital.

The buyback will be for up to a maximum of 29,825,290 ordinary shares, representing approximately 5% of the Company's issued share capital, for an aggregate maximum consideration of £89,475,870, and is expected to continue during the period leading up to 21 October 2016 when the Company goes into a close period in respect of its half year results. 

The buyback will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue. 

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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