21st Dec 2007 13:16
Sports Direct International Plc21 December 2007 21 December 2007 Sports Direct International plc Re Umbro Sports Direct International plc announces that it has today sold 29,069,977ordinary shares of 1p each in Umbro plc ("Umbro") to Nike Vapor Ltd ("Nike"), awholly owned subsidiary of Nike Inc., for 193.06p per Umbro share (a totalconsideration of £56,122,498), and has entered into an irrevocable undertakingwith Nike to vote in favour of the scheme of arrangement relating to theacquisition of Umbro by Nike at 193.06p per Umbro share in respect of 14,608,029shares, being the balance of Sports Direct International plc's shareholding inUmbro. The proceeds of sale will be used to reduce borrowings. Ends For further information contact: Sports Direct InternationalDave Forsey, Chief Executive T: 0870 333 9400Bob Mellors, Group Financial Director Financial DynamicsJonathon Brill / Ben Foster / Andrew Dowler T: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group