12th May 2016 06:22
LONDON (Alliance News) - Sports clothing and equipment retailer Sports Direct International PLC on Thursday said it has extended its put option agreement over shares in mid-cap department store retailer Debenhams PLC.
Sports Direct, which first disclosed the put option over 128.9 million shares in Debenhams in January 2015, said the agreement with Goldman Sachs International has been extended by one year. The option covers a 10.5% stake in Debenhams.
Sports Direct said it "reiterates its intention to be a supportive stakeholder in Debenhams and to create value in the interests of both Sports Direct's and Debenhams' shareholders."
By Sam Unsted; [email protected]; @SamUAtAlliance
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