Sports Direct International Plc Acquisition of a further 4.6% stake in Debenhams (3533T)
02 Octobre 2014 - 7:23PM
UK Regulatory
TIDMSPD TIDMDEB
RNS Number : 3533T
Sports Direct International Plc
02 October 2014
2 October 2014
Sports Direct International plc
Acquisition of a further 4.6% stake in Debenhams plc
Sports Direct International plc ("Sports Direct"), the UK's
leading sports retailer, announces that it has today acquired a
further 4.60 per cent stake in Debenhams plc ("Debenhams")
(comprising 56,381,164 ordinary shares in Debenhams).
Sports Direct is making this announcement pursuant to Listing
Rule 10.2.10(1)(b) which requires the aggregation of the value of
these shares (approximately GBP33 million) with Sports Direct's
maximum exposure of approximately GBP64 million under the Put
Option over a 6.62 per cent stake in Debenhams that was announced
on 16 January 2014. Collectively, these investments represent an
11.22 per cent interest in Debenhams ordinary shares.
As previously announced, Sports Direct is already working
together with Debenhams and looks forward to building this
relationship.
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
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