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  2. Share Prices
  3. Frasers Group Share Price
  4. Frasers Group Share Regulatory News
  5. Disposal of Property

Pin to quick picksFrasers Group Regulatory News (FRAS)

Frasers Group Information

Share Price Information for Frasers Group (FRAS)

London Stock Exchange
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Share Price: 885.00
Bid: 884.00
Ask: 885.00
Change: -12.50 (-1.39%)
Spread: 1.00 (0.113%)
Open: 902.00
High: 905.50
Low: 883.50
Prev. Close: 897.50
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Disposal of Property

17 May 2019 15:26

RNS Number : 4578Z
Sports Direct International Plc
17 May 2019
 

17 May 2019

 

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

 

Disposal of Property in Shirebrook

Sports Direct announces that it is, through its wholly owned subsidiary Sportsdirect.com Retail Limited, in advanced negotiations to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY (the "Property") to KWAA Logix Sportivo Limited for a cash consideration of £120,050,000 (the "Transaction").

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.

Ends.

 

Sports Direct International plc

Cameron Olsen, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

 

T. 0344 245 9200

E. investor.relations@sportsdirect.com

 

 

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 rns@lseg.com or visit www.rns.com.
 
END
 
 
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