Sports Direct International : EMPLOYEE BENEFIT TRUST PURCHASE OF EMPLOYEE SHARES
January 02, 2019 at 09:39 am EST
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Date: 2 January 2019
SPORTS DIRECT INTERNATIONAL PLC
('Sports Direct' or the 'Company')
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
On 31 December 2018, a total of 26,313 ordinary shares of 10 pence each in the Company ('Shares') were acquired by three participants following the exercise of awards under the Company's share schemes. The 26,313 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 237.8 pence per Share (being an amount equal to the mid-market closing price of a Share on 31 December 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.
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Sports Direct International plc published this content on 02 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 January 2019 14:38:01 UTC
Frasers Group Plc is the British No. 1 in distributing sport items. The group provides sportswear for men, women and children (jackets, pants, fleece, vests, shorts, underwear, shirts, etc.), shoes, accessories (caps, sunglasses, belts, gloves, backpacks, sleeping bags, lanterns, etc.) and equipment (baseball bats, balls, rackets, golf clubs, etc.).
As of 24/04/2023, the group operated a network of 1,630 outlets worldwide.
Net sales are distributed geographically as follows: the United Kingdom (77.4%), Europe (18.4%), the United States (2.5%), Asia (1.4%) and Oceania (0.3%).