REG - Sports Direct Intl. - Strategic US investments <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

13/01/2016 07:10

RNS Number : 6913L
Sports Direct International Plc
13 January 2016
13 January 2016
Sports Direct International plc
Strategic US investments
Sports Direct International plc ("Sports Direct" or "the Company") is pleased to announce that consistent with its long standing strategy of taking strategic stakes it now holds the following indirect economic interests through contracts for difference:
 5,573,570 shares in Iconix Brand Group Inc, representing 11.52% of the issued common stock of that company; and
 2,112,028 shares in Dick's Sporting Goods Inc, representing 2.34% of the issued common stock of that company.
The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships with the relevant parties. They also help the Company to build relationships with key suppliers and brands.
Ends.
Sports Direct International plc 
Dave Forsey, Chief Executive
Matt Pearson, Acting Chief Financial Officer
T: 0344 245 9200
Powerscourt
Rory Godson 
Peter Ogden
Lisa Kavanagh
T: 020 7250 1446

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