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Employee Benefit Trust Purchase of Employee Shares

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RNS Number : 1907S
Sports Direct International Plc
04 November 2019
 

Date: 4 November 2019

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

 

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 31 October 2019, a total of 8,625 ordinary shares of 10 pence each in the Company ("Shares") were acquired by one participant following the exercise of an award under the Company's share schemes. The 8,625 shares sold by the 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 309.00 pence per Share (being an amount equal to the mid-market closing price of a Share on 31 October 2019) 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

Tom Piper, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. [email protected]

 

 


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Quick facts: Sports Direct International Plc

Price: 352

Market: LSE
Market Cap: £1.84 billion
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