REG - Sports Direct Intl. - Disposal of Property

FrasersAnnouncement

17/05/2019 15:30

RNS Number : 4578Z
Sports Direct International Plc
17 May 2019
 


17 May 2019
 
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
Disposal of Property in Shirebrook
Sports Direct announces that it is, through its wholly owned subsidiary Sportsdirect.com Retail Limited, in advanced negotiations to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to KWAA Logix Sportivo Limited for a cash consideration of £120,050,000 (the "Transaction").
Sports Direct will on completion, take a 15 year lease of the Property and intends to continue to operate the Property as a distribution centre, offices and retail. The Company intends to use the proceeds of sale towards the working capital of the Company and its group operations.
Ends.
 



Sports Direct International plc
Cameron Olsen, Company Secretary
LEI: 213800JEGHHEAXIJDX34
 


 
T. 0344 245 9200
E. investor.relations@sportsdirect.com



 
 




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