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Frasers Group PLC

Regulatory Filings May 28, 2019

4862_rns_2019-05-28_41a4d49e-2eb9-4284-ae2d-c4ee083e4774.html

Regulatory Filings

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RNS Number : 2046A

Sports Direct International Plc

28 May 2019

28 May 2019

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Disposal of Property in Shirebrook

Further to the announcement on 17 May 2019, the Company announces that it has, through its wholly owned subsidiary Sportsdirect.com Retail Limited, agreed to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to Kwasa Logix Sportivo Limited for a cash consideration of £120,050,000.

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.

Completion is expected to occur on or before 21 June 2019

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.

END

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