Edition:
United Kingdom

Sports Direct International PLC (SPD.L)

SPD.L on London Stock Exchange

283.20GBp
22 May 2019
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Latest Key Developments (Source: Significant Developments)

Sports Direct Says Got Acceptances From 0.98% Of Findel's Share Capital On Takeover Offer
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Sports Direct::LEVEL OF ACCEPTANCES & FURTHER EXTENSION OF OFFER.AS ON 24 APRIL, GOT VALID ACCEPTANCES OF OFFER IN RESPECT OF A TOTAL OF 853,762 FINDEL SHARES OR ABOUT 0.98% OF FINDEL'S SHARE CAPITAL.  Full Article

Debenhams Rejects Sports Direct's 200 Mln Stg Rights Issue Proposal, To Enter Administration
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Debenhams Plc ::DEBENHAMS PLC - UPDATE ON REFINANCING DISCUSSIONS.COMPANY IS IN DISCUSSIONS WITH ITS LENDERS REGARDING AVAILABILITY OF REMAINING FACILITIES THAT HAVE NOT YET BEEN DRAWN DOWN.CONFIRMS THAT IT RECEIVED A REVISED, HIGHLY-CONDITIONAL, PROPOSAL FROM SDI IN EARLY HOURS OF 9 APRIL.CONFIRMS RELEVANT MILESTONES RELATING TO A POTENTIAL TRANSACTION WITH SPORTS DIRECT INTERNATIONAL WERE NOT MET BY RELEVANT DEADLINE.PROPOSAL FROM SDI IN EARLY HOURS OF 9 APRIL INDICATED A WILLINGNESS OF SPORTS DIRECT TO UNDERWRITE AN EQUITY ISSUE OF £200 MILLION.LIKELY THAT FACILITIES WILL NOW ONLY BE AVAILABLE TO SUBSIDIARIES UPON TRANSFER OF THOSE UNITS INTO OWNERSHIP OF LENDER-APPROVED ENTITY.DEBENHAMS, ON 200 MILLION STG PROPOSAL FROM SDI, SAYS LENDERS CONFIRMED PROPOSAL WAS NOT SUFFICIENT TO JUSTIFY AN EXTENSION TO 8 APRIL DEADLINE.TRANSFER OF SUBSIDIARIES INTO OWNERSHIP OF LENDER-APPROVED ENTITY WOULD RESULT IN NO EQUITY VALUE FOR CO'S CURRENT SHAREHOLDERS.TRANSFER OF UNITS TO OWNERSHIP OF LENDER-APPROVED ENTITY WOULD RESULT IN NO DISRUPTION TO BUSINESS, CUSTOMERS, EMPLOYEES, PENSION HOLDERS.  Full Article

Sports Direct Considering Debenhams Announcement On Noteholder Consent
Friday, 29 Mar 2019 

March 29 (Reuters) - Sports Direct::SPORTS DIRECT INTL. DEBENHAMS PLC - STATEMENT REGARDING DEBENHAMS PLC.SPORTS DIRECT-AS TERMINATION OF DEBENHAMS NOTEHOLDER CONSENT PROCESS WAS WAIVABLE PRE-CONDITION IN PROPOSAL, CO IS CONSIDERING DEBENHAMS ANNOUNCEMENT.  Full Article

Sports Direct Says Offer For Debenhams' Magasin Represents Excess Of Fair Value
Monday, 25 Mar 2019 

March 25 (Reuters) - Sports Direct ::STATEMENT REGARDING RESPONSE FROM DEBENHAMS PLC.CONFIRMS OFFER THAT IT BELIEVES REPRESENTS EXCESS OF FAIR VALUE & ADDRESSES DEBENHAMS' IMMEDIATE LIQUIDITY CONCERNS MADE FOR MAGASIN.NOTES DID NOT RECEIVE RESPONSE TO INVITATION TO DEBENHAMS TO PROVIDE FURTHER DETAILS OF VALUATION SHOULD DEBENHAMS MAGASIN TO BE WORTH MORE."SPORTS DIRECT DOES NOT CONSIDER HOUSE OF FRASER TO BE A COMPETITOR OF DEBENHAMS".REPRESENTATIVES AND ADVISORS HAVE PARTICIPATED IN DISCUSSIONS WITH DEBENHAMS' ADVISORY GROUP.CANNOT BE SAID THAT DEBENHAMS HAS "ACTIVELY ENGAGED" IN DISCUSSIONS OR ARE OPEN TO ANY FORM OF ALTERNATIVE PROPOSAL FROM THIRD PARTY.  Full Article

Phoenix Asset Management Partners Raises Stake In Sports Direct International To 6.008 Pct From 5.094 Pct - Filing
Thursday, 14 Mar 2019 

March 14 (Reuters) - :PHOENIX ASSET MANAGEMENT PARTNERS RAISES STAKE IN SPORTS DIRECT INTERNATIONAL TO 6.008% FROM 5.094% - FILING.  Full Article

Debenhams Gets Notice From Sports Direct Proposing Changes To Board
Thursday, 7 Mar 2019 

March 7 (Reuters) - Debenhams PLC ::RECEIVED NOTICE FROM SPORTS DIRECT INTERNATIONAL PLC PROPOSING CHANGES TO THE BOARD."BOARD HAS BEEN ENGAGING WITH SPORTS DIRECT AND OUR OTHER STAKEHOLDERS AND IS DISAPPOINTED THAT SPORTS DIRECT HAS TAKEN THIS ACTION".REMAINS FOCUSED ON DELIVERING THE RESTRUCTURING OF ITS BALANCE SHEET, AND ITS DISCUSSIONS ARE WELL ADVANCED.  Full Article

Sports Direct To Buy 6 Mln Findel Shares For 139.2 Mln Stg
Monday, 4 Mar 2019 

March 4 (Reuters) - Sports Direct International PLC ::MANDATORY OFFER FOR FINDEL PLC.TO ACQUIRE 6 MILLION FINDEL SHARES AT A PRICE OF 161 PENCE PER FINDEL SHARE FROM A SINGLE SHAREHOLDER, CITY FINANCIAL ABSOLUTE EQUITY FUND.FINDEL SHAREHOLDERS SHALL BE ENTITLED TO RECEIVE 161 PENCE IN CASH FOR EACH FINDEL SHARE.PROPOSED DEAL FOR £139.2 MILLION.CO INTENDS TO WORK CLOSELY WITH FINDEL TO EXPAND THEIR EXISTING COMMERCIAL ARRANGEMENTS FOR BENEFIT OF BOTH COS.HAS NO INTENTION TO MAKE ANY CHANGES TO CONTINUED EMPLOYMENT OF FINDEL'S EMPLOYEES AND MANAGEMENT.OFFER WILL BE FINANCED FROM EXISTING CASH RESOURCES OF SPORTS DIRECT.HAS NO INTENTION TO MAKE ANY CHANGES TO STRATEGIC PLANS FOR FINDEL.EXPECTED THAT THERE WILL BE NO REPERCUSSIONS ON EMPLOYMENT OR LOCATIONS OF FINDEL'S PLACES OF BUSINESS.SPORTS DIRECT DOES NOT BELIEVE THAT OFFER WILL AFFECT SPORTS DIRECT GROUP.FOLLOWING ACQUISITION, CO TO, IN AGGREGATE, HOLD 31.9 MILLION FINDEL SHARES, 36.8 PERCENT OF FINDEL'S ISSUED SHARE CAPITAL, AND VOTING RIGHTS.  Full Article

Mike Ashley's Sports Direct Offers To Buy Patisserie Valerie Owner
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Sports Direct International PLC ::OFFER FOR PATISSERIE VALERIE.CONFIRMS THAT IT HAS MADE AN OFFER TO ACQUIRE BUSINESS COMPRISING TRADE AND ASSETS OF PATISSERIE HOLDINGS PLC.MADE AN OFFER TO ACQUIRE BUSINESS COMPRISING TRADE & ASSETS OF PATISSERIE HOLDINGS & ITS GROUP COS OUT OF ADMINISTRATION.  Full Article

Sports Direct Tycoon Mike Ashley Struck Deal Late On Thursday To Buy Sofa.Com - Sky News
Friday, 1 Feb 2019 

Feb 1 (Reuters) - :SPORTS DIRECT TYCOON MIKE ASHLEY STRUCK DEAL LATE ON THURSDAY TO BUY SOFA.COM FOR "A NOMINAL SUM" - SKY NEWS.  Full Article

Ashley and The Entertainer toy with Hamleys takeover - Sky News
Friday, 14 Dec 2018 

Dec 14 (Reuters) - :SPORTS DIRECT TYCOON ASHLEY AND THE ENTERTAINER, A PRIVATELY OWNED TOY CHAIN, AMONG PACK OF SUITORS LODGING INTEREST IN TAKEOVER OF HAMLEYS - SKY.  Full Article