SHARE BUYBACK PROGRAMME UPDATE

RNS Number : 4642M

Sports Direct International Plc

27 April 2018

 

Date: 27 April 2018

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

SHARE BUYBACK PROGRAMME UPDATE

Further to the announcement made by the Company on 20 February 2018, the Company announces that it has instructed Liberum Capital Limited in relation to an irrevocable, non-discretionary share buyback programme to purchase the Company's shares during the forthcoming closed period, which commences on 30 April 2018 and will end on 19 July 2018 (the "Closed Period Programme").

The maximum number of shares that may be purchased under the Closed Period Programme will be 10,000,000 ordinary shares and the aggregate purchase price of all shares acquired under the Closed Period Programme will be no greater than £40,000,000.

For the avoidance of doubt, the total number of shares purchased under the Closed Period Programme and the aggregate price paid for those shares will be counted towards the limits for the ongoing share buyback programme as set out in the Company's 20 February 2018 announcement.

The purpose of the Closed Period Programme is to reduce the share capital of the Company.

The Closed Period Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2017 annual general meeting, Chapter 12 of the UK Listing Authority Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.

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]

 

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