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Sports Direct International (SPD)

Share Price:
Up 229.80p
Change Today:
9.00p
Market Cap:
1,219.84m

Sports Direct to sell freehold of Shirebrook HQ

28 May 19

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Sports Direct confirmed on Tuesday that it has agreed to sell the freehold to its Shirebrook headquarters to Kwasa Logix Sportivo for just over 120m in cash.
On completion, the company will take a 15-year lease of the property, which it plans to continue operating as a distribution centre, offices and retail.

Sports Direct said it will use the proceeds from the sale for working capital and its group operations.

Completion is expected to take place on or before 21 June.

At 0812 BST, the shares were up 0.5% at 282.88p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 229.80p
Change Today 9.00p
52 Week High 389.10p
52 Week Low 214.00p
Volume 985,401
Shares Issued 530.83m
Market Cap 1,219.84m

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