REG - Sports Direct Intl. - Disposal of Property

FrasersAnnouncement

28/05/2019 07:06

RNS Number : 2046A
Sports Direct International Plc
28 May 2019
 


28 May 2019
 
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
Disposal of Property in Shirebrook
Further to the announcement on 17 May 2019, the Company announces that it has, through its wholly owned subsidiary Sportsdirect.com Retail Limited, agreed to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to Kwasa Logix Sportivo Limited for a cash consideration of £120,050,000.
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.
Completion is expected to occur on or before 21 June 2019
Ends.
 



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


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



 
 




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