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Frasers Group (FRAS)

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Up 503.00p
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Sports Direct in advanced talks to sell Shirebrook property

17 May 19

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Sports Direct said on Friday that it is in advanced talks to sell a freehold property in Shirebrook for just over 12m in cash.
If the deal completes, the company will take a 15-year lease of the property and continue to operate it as a distribution centre, offices and retail.

Sports Direct said it plans to put the proceeds of the sale towards working capital and its group operations.

At 1600 BST, the shares were up 1% at 295.25p.

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Market Data

Currency UK Pounds
Price 503.00p
Change Today 4.80p
52 Week High 518.00p
52 Week Low 214.00p
Volume 386,920
Shares Issued 521.66m
Market Cap 2,623.95m


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