Thu, 18th May 2017 16:16
Date: 18 May 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:
· 6,981,192 shares in Iconix Brand Group Inc, representing 12.23% of the issued common stock of that company; and
· 3,716,003 shares in Finish Line Inc, representing 9.21% 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.
Sports Direct International plc
Cameron Olsen, Company Secretary
T. 0344 245 9200
T. 0207 734 9995