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Further update - Evans Cycles

31st Oct 2018 15:28

RNS Number : 9191F
Sports Direct International Plc
31 October 2018
 

 

 

31 October 2018

 

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or "Company" or the "Group")

 

Further update: Evans Cycles

Following the various press reports overnight regarding the purchase by Sports Direct International plc of the business of F.W. Evans Cycles (UK) Limited (in administration) (Evans Cycles), Sports Direct confirms that the consideration for the Evans Cycles business was £8,000,000, c£2,000,000 of which was paid to fund Evans Cycles' October payroll. Sports Direct also confirms its current expectation that at least 50% of the existing stores will remain open.

Sports Direct welcomes the Evans Cycles staff to the Sports Direct family and looks forward to building mutually beneficial long-lasting relationships with the key suppliers of Evans Cycles.

Ends.

 

Sports Direct International plc

Cameron Olsen, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

 

T. 0344 245 9200

E. [email protected]

KBA PR

Keith Bishop

 

T. 0207 734 9995

E. [email protected]

 

 

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 [email protected] or visit www.rns.com.
 
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