Sports Direct International plc Acquisition

Posted: 2nd October 2012 11:24

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.

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