REG - Sports Direct Intl. - Share Buyback Programme Update <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

20/02/2018 07:05

RNS Number : 2824F
Sports Direct International Plc
20 February 2018
Date: 20 February 2018
SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company")
SHARE BUYBACK PROGRAMME UPDATE
The Company announces that it intends to start a new share buyback programme from today's date for the period up to and including 5 September 2018, being the date of the Company's 2018 annual general meeting (the "Programme").
The aggregate purchase price of all shares acquired under the Programme will be no greater than 100,000,000. The maximum number of shares that may be purchased under the Programme will be 30,000,000 ordinary shares.
The purpose of the Programme is to reduce the share capital of the Company.
The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2017 annual general meeting, Chapter 12 of the UK Listing Authority Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.
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

This information is provided by RNS
The company news service from the London Stock Exchange
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