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Frasers Group PLC — Regulatory Filings 2019
May 17, 2019
4862_rns_2019-05-17_15cbd302-3fa5-49d2-9f3a-522aea8cc7bf.html
Regulatory Filings
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RNS Number : 4578Z
Sports Direct International Plc
17 May 2019
17 May 2019
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
Disposal of Property in Shirebrook
Sports Direct announces that it is, through its wholly owned subsidiary Sportsdirect.com Retail Limited, in advanced negotiations to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to KWAA Logix Sportivo Limited for a cash consideration of £120,050,000 (the "Transaction").
Sports Direct will on completion, take a 15 year lease of the Property and intends to continue to operate the Property as a distribution centre, offices and retail. The Company intends to use the proceeds of sale towards the working capital of the Company and its group operations.
Ends.
| Sports Direct International plc Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 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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