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Sports Direct International

Sports Direct International Plc Disposal of Property in Shirebrook

Further to the announcement on 17 May 2019, Sports Direct International Plc (LON:SPD) announced 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 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