Sports Direct International Plc Employee Benefit Trust Purchase of Employee Shares (9486M)
03 May 2018 - 3:00AM
UK Regulatory
TIDMSPD
RNS Number : 9486M
Sports Direct International Plc
02 May 2018
Date: 2 May 2018
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE
SHARES
On 30 April 2018, a total of 32,286 ordinary shares of 10 pence
each in the Company ("Shares") were acquired by five participants
following the exercise of awards under the Company's share schemes.
The 22,939 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 402.80 pence per Share (being an amount
equal to the mid-market closing price of a Share on 30 April 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 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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