REG - Sports Direct Intl. - SD Employee Benefit Trust Purchase Employee Shares

FrasersAnnouncement

01/06/2018 16:10

RNS Number : 0898Q
Sports Direct International Plc
01 June 2018
 


Date: 1 June 2018
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF

EMPLOYEE SHARES
On 31 May 2018, a total of 79,312 ordinary shares of 10 pence each in the Company ("Shares") were acquired by eight participants following the exercise of awards under the Company's share schemes. The 56,025 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 4.0645 pence per Share (being an amount equal to the mid-market closing price of a Share on 31 May 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.
-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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