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

FrasersAnnouncement

01/03/2019 13:40

RNS Number : 6335R
Sports Direct International Plc
01 March 2019
 


Date: 1 March 2019
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
On 28 February 2019, a total of 1,000,000 ordinary shares of 10 pence each in the Company ("Shares") were acquired by one participant following the exercise of an award under the Company's share schemes. The 1,000,000 shares sold by the participant 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 269.8 pence per Share (being an amount equal to the mid-market closing price of a Share on 28 February 2019) 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
 



 




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