RNS Number : 6376N
Sports Direct International Plc
01 October 2012
 



1st October 2012

 

Sports Direct International plc

 

Acquisition

 

Sports Direct International plc ("the Group"), the UK's leading sports retailer, today announces the acquisition of certain of the trade, assets and product brands from the administrators of JJB Sports plc ("JJB") for a cash consideration of £23.77 million, with up to a further £0.25 million of additional cash consideration payable after completion of a post-sale stock take.

 

The Group will acquire 20 stores, substantially all of the stock in the business and the Slazenger Golf brand licences, as well as JJB's freehold property in Wigan.

 

Sports Direct will report its pre-close trading update on Wednesday 24 October and its Interim Results on Thursday 13 December 2012.

 

 

For further information, please contact:

 

Sports Direct International plc

Dave Forsey, Chief Executive

Bob Mellors, Group Finance Director

 

T. 0845 129 9229

FTI Consulting

Jonathon Brill

Alex Beagley

Georgia Mann

T. 0207 831 3113

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
 
 

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