Sports Direct International Plc Acquisition of a 4.63% stake in Debenhams plc (4446X)
13 Janvier 2014 - 8:00AM
UK Regulatory
TIDMSPD TIDMDEB
RNS Number : 4446X
Sports Direct International Plc
13 January 2014
13 January 2014
Sports Direct International plc
Acquisition of a 4.63% stake in Debenhams plc
Sports Direct International plc ("Sports Direct" or "the
Group"), the UK's leading sports retailer, announces that it has
acquired a stake in Debenhams plc ("Debenhams"). Sports Direct has
acquired 56.8 million shares, representing 4.63 per. cent of the
issued share capital of Debenhams.
Sports Direct wishes to explore options at an operational level
to work together with Debenhams to create value in the interests of
both Sports Direct's and Debenhams' shareholders. This acquisition
of shares has taken place without the prior knowledge of the
Debenhams board of directors, but Sports Direct has communicated to
Debenhams' board its desire to work together and its intention to
be a supportive shareholder.
For further information, please contact:
Sports Direct International plc 0845 129 9229
Dave Forsey - Chief Executive
Jeff Blue - Director, Strategic Development
Powerscourt 020 7250 1446
Rory Godson
Victoria Palmer-Moore
Greg Lawless
Notes to Editors
Sports Direct is the UK's leading sports retailer by revenue and
operating profit, with approximately 400 stores across the UK. The
Group provides an unrivalled range of products, offering
exceptional quality and unbeatable value, from a wide variety of
third-party and Group-owned brands, both in-store and online.
Sports Direct operates in 19 countries in Europe, including
Belgium, Austria, Slovenia, Portugal and France.
The Group has an extensive brand portfolio, comprising 28
internationally recognised sports, fashion and lifestyle brands
including Dunlop, Slazenger, Everlast, Lonsdale and Karrimor.
Sports Direct was founded in 1982, listed on the London Stock
Exchange in 2007 and is a constituent of the FTSE 100 index.
For more information please visit www.sportsdirectplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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