Sports Direct International Plc Employee Benefit Trust Purchase of Shares (2962V)
02 November 2017 - 2:33AM
UK Regulatory
TIDMSPD
RNS Number : 2962V
Sports Direct International Plc
01 November 2017
Date: 1 November 2017
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE
SHARES
On 31 October 2017, a total of 77,401 ordinary shares of 10
pence each in the Company ("Shares") were acquired by 12
participants following the exercise of awards under the Company's
share schemes. The 69,272 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 395 pence per Share (being an
amount equal to the mid-market closing price of a Share on 31
October 2017) 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 T. 0344 245 9200
Cameron Olsen, Company E. investor.relations@sportsdirect.com
Secretary
LEI: 213800JEGHHEAXIJDX34
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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