Source - RNS
RNS Number : 4610H
Sports Direct International Plc
07 June 2017
 

 

Date: 7 June 2017

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

 

Strategic US investments

 

Sports Direct International plc ("Sports Direct" or "the Company") is pleased to announce that consistent with its long standing strategy of taking strategic stakes it now holds the following indirect economic interests through contracts for difference with Monecor (London) Ltd:

 

·        7,561,908 shares in Iconix Brand Group Inc, representing 13.25% of the issued common stock of that company; and

 

·        7,568,143 shares in Finish Line Inc, representing 18.85% of the issued common stock of that company.

 

The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships with the relevant parties. They also help the Company to build relationships with key suppliers and brands.

 

Ends.

 

 

Sports Direct International plc

Cameron Olsen, Company Secretary

 

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 company news service from the London Stock Exchange
 
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