Sports Direct International Plc SD Employee Benefit Trust Purchase Employee Shares (0898Q)
02 June 2018 - 1:09AM
UK Regulatory
TIDMSPD
RNS Number : 0898Q
Sports Direct International Plc
01 June 2018
Date: 1 June 2018
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF
EMPLOYEE SHARES
On 31 May 2018, a total of 79,312 ordinary shares of 10 pence
each in the Company ("Shares") were acquired by eight participants
following the exercise of awards under the Company's share schemes.
The 56,025 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 4.0645 pence per Share (being an amount
equal to the mid-market closing price of a Share on 31 May 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 Secretary E. investor.relations@sportsdirect.com
LEI: 213800JEGHHEAXIJDX34
KBA PR
Keith Bishop T. 0207 734 9995
E. sd@kbapr.com
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END
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