RCS - Sports Direct Intl. - Further update - Evans Cycles

FrasersAnnouncement

31/10/2018 15:30

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. investor.relations@sportsdirect.com




KBA PR                                 
Keith Bishop


 
T. 0207 734 9995
E. sd@kbapr.com



 
 




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