REG - Sports Direct Intl. - Share Buyback Programme Update

FrasersAnnouncement

26/04/2019 18:25

RNS Number : 2958X
Sports Direct International Plc
26 April 2019
 


Date: 26 April 2019
 
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
SHARE BUYBACK PROGRAMME UPDATE
 
 
Further to the announcement made by the Company on 11 April 2019, the Company announces that it has instructed Liberum Capital Limited in relation to an irrevocable, non-discretionary share buyback programme to purchase the Company's shares during the forthcoming closed period, which commences on 29 April 2019 and will end on 18 July 2019 (the "Closed Period Programme").
 
Liberum Capital Limited will conduct the Closed Period Programme on the Company's behalf and make trading decisions under the Closed Period Programme independently of the Company.  The maximum number of shares that may be purchased under the Closed Period Programme will be 10,000,000 ordinary shares and the aggregate purchase price of all shares acquired under the Closed Period Programme will be no greater than £30,000,000.
 
The purpose of the Closed Period Programme is to reduce the share capital of the Company.
 
The Closed Period 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 2018 annual general meeting, Chapter 12 of the Listing Rules, the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes and the Commission Delegated Regulation (EU) 2016/1052. 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


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



 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
POSEALLKALSNEFF