Statement regarding Debenhams plc

RNS Number : 4661U

Sports Direct International Plc

29 March 2019

 

Date: 29 March 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Statement regarding Debenhams plc

Sports Direct refers to its announcement of 26 March 2019 regarding the pre-conditional  possible offer for Debenhams plc ("Debenhams") at 5p in cash per ordinary share (the "Proposal").  Sports Direct also refers to Debenhams announcement of 28 March 2019 regarding Debenhams noteholder consent solicitation process.

As the termination of Debenhams noteholder consent process was one of the waivable pre-conditions to the Proposal, Sports Direct is giving further consideration to Debenhams' announcement in the context of the Proposal. 

Enquiries:

Numis (Financial adviser to Sports Direct)

Luke Bordewich Stuart Ord George Fry

[phone]

 Sports Direct

Cameron Olsen, Company Secretary

[phone]

Further information

Numis Securities Limited ("Numis"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for Sports Direct and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than Sports Direct for providing the protections afforded to clients of Numis, nor for providing advice in relation to any matter referred to herein.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of any offer to buy, sell, subscribe for any securities or the solicitation of any vote in any jurisdiction.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.  Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at http://www.sportsdirectplc.com/investor-relations.aspx by no later than 12 noon (London time) on 1 April 2019. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. 

 

END

 

 

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