Declaration of Voting Results & Voting Rights Announcements • Oct 30, 2018
Declaration of Voting Results & Voting Rights Announcements
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National Storage Mechanism | Additional information
RNS Number : 7638F
Sports Direct International Plc
30 October 2018
30 October 2018
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or "Company" or the "Group")
Acquisition of Evans Cycles
Sports Direct announces the acquisition of Evans Cycles, the UK-based specialist bike retailer, from the administrators of F.W. Evans Cycles (UK) Limited.
Chief Executive Mike Ashley commented: "We are pleased to have rescued the Evans Cycles brand. However, in order to save the business we only believe we will be able to keep 50% of stores open in the future. Unfortunately some stores will have to close."
James Keany at CBRE has been retained on all property related aspects. Mr Keany said: "We are looking forward to working with landlords in order to help create a sustainable business. We will make contact with landlords over the next few days and discuss the future of individual stores."
Ends.
| Sports Direct International plc Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 E. [email protected] |
| KBA PR Keith Bishop |
T. 0207 734 9995 E. [email protected] |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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