27th Feb 2007 07:05
Sports Direct International PLC27 February 2007 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, JAPAN OR AUSTRALIA. 27 February 2007 Stabilisation notice Sports Direct International plc (the "Company") Global Offer (the "Global Offer") of 309.6 million ordinary shares of 10 penceeach of the Company (the "Ordinary Shares") at a price of 300 pence per Ordinary Share (with an over-allotment option in respect of up to 46,440,000 Ordinary Shares) Merrill Lynch International notifies you that it is the stabilising manager inrespect of the Global Offer announced on 27 February 2007 and may conductstabilising activities in relation to the Ordinary Shares in connection with theabove transaction with a view to supporting the market price of the OrdinaryShares at a level higher than that which might otherwise prevail. Merrill Lynch International confirms the following: 1. The securities to be stabilised are the Ordinary Shares (ISIN:GB00B1QH8P22) referred to above. There are no associated instruments that aresubject to stabilisation; 2. The stabilising manager is Merrill Lynch International (Contact: MarkGwynne; Telephone: 020 7995 3700); 3. Stabilisation transactions may occur during the stabilisation period,which is expected to commence at 8.00 am on 27 February 2007 and will end on 29March 2007; 4. The issue price of the Ordinary Shares (the "Issue Price") is 300pence per Ordinary Share. The Issue Price was determined on 26 February 2007;and 5. In connection with the Global Offer, Merrill Lynch International, asstabilising manager, has entered into over-allotment option with the Company,pursuant to which Merrill Lynch International may acquire, or procure acquirorsfor, up to 46,440,000 Ordinary Shares at the Issue Price, for the purpose ofallowing Merrill Lynch International to cover short positions resulting fromover-allocations in connection with the Global Offer and/or from sales ofOrdinary Shares effected by it during the stabilisation period. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Company in any jurisdiction. This announcement is not an offer of securities for sale into the United States.The securities referred to above have not been, and will not be, registeredunder the United States Securities Act of 1933 and may not be offered or sold inthe United States absent registration or an exemption from registration. Therehas not been and will not be a public offer of the securities in the UnitedStates. Merrill Lynch International is acting exclusively for the Company and no-oneelse in connection with the Global Offer. It will not regard any other personas its client in relation to the Global Offer and will not be responsible toanyone other than the Company for providing the protections afforded to itsclient, nor for providing advice in relation to the Global Offer, the contentsof this announcement or any transaction, arrangement or other matter referred toherein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group