REG - Sports Direct Intl. - EMPLOYEE BENEFIT TRUST PURCHASE OF EMPLOYEE SHARES

FrasersAnnouncement

04/12/2018 07:05

RNS Number : 3012J
Sports Direct International Plc
04 December 2018
 


Date:  4 December 2018
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
On 30 November 2018, a total of 16,751 ordinary shares of 10 pence each in the Company ("Shares") were acquired by two participants following the exercise of awards under the Company's share schemes. The 16,751 shares sold by participants following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Sports Direct Employee Benefit Trust (the "Trustee"), with the acquisition being funded by a loan advanced by the Company. The Shares were acquired at a price of 289.8 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 November 2018) in an off-market transaction effected in Jersey. The Trustee has purchased these Shares in order to help meet future obligations arising under the Company's share schemes.
 
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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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