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United Kingdom

Sports Direct International PLC (SPD.L)

SPD.L on London Stock Exchange

281.60GBp
24 May 2019
Change (% chg)

2.00 (+0.72%)
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Latest Key Developments (Source: Significant Developments)

Sports Direct Says Offer For Findel Lapses
Friday, 3 May 2019 

May 3 (Reuters) - Findel PLC ::LAPSE OF OFFER.AT 1PM ON 3 MAY RECEIVED VALID ACCEPTANCES OF OFFER OF A TOTAL OF 860,616 FINDEL SHARES, REPRESENTING 0.99% OF FINDEL'S ISSUED CAPITAL.HOLDS 31.9 MILLION FINDEL SHARES, REPRESENTING APPROXIMATELY 36.84% OF FINDEL'S ENTIRE ISSUED SHARE CAPITAL.OFFER NOT CAPABLE OF BEING DECLARED UNCONDITIONAL AS TO ACCEPTANCES AT 1PM ON 3 MAY AND THEREFORE OFFER LAPSED WITH IMMEDIATE EFFECT.  Full Article

Sports Direct Updates On Share Buyback Programme
Friday, 26 Apr 2019 

April 26 (Reuters) - Sports Direct International PLC ::SHARE BUYBACK PROGRAMME UPDATE.INSTRUCTED LIBERUM CAPITAL LIMITED IN RELATION TO AN IRREVOCABLE, NON-DISCRETIONARY SHARE BUYBACK PROGRAMME.MAXIMUM NUMBER OF SHARES THAT MAY BE PURCHASED UNDER CLOSED PERIOD PROGRAMME WILL BE 10,000,000 ORDINARY SHARES.TO PURCHASE COMPANY'S SHARES DURING FORTHCOMING CLOSED PERIOD, WHICH COMMENCES ON 29 APRIL 2019 AND WILL END ON 18 JULY 2019.AGGREGATE PURCHASE PRICE OF ALL SHARES ACQUIRED UNDER CLOSED PERIOD PROGRAMME WILL BE NO GREATER THAN £30,000,000.PURPOSE OF CLOSED PERIOD PROGRAMME IS TO REDUCE SHARE CAPITAL OF COMPANY.  Full Article

Findel Reaffirms That Sports Direct Offer Significantly Undervalues Co
Thursday, 25 Apr 2019 

April 25 (Reuters) - Findel PLC ::OFFER FAILS TO SECURE SUFFICIENT ACCEPTANCES.NOTES LEVEL OF ACCEPTANCES ANNOUNCED BY SPORTS DIRECT IN RESPONSE TO OFFER FOR CO.SPORTS DIRECT HAS UNTIL 4 MAY 2019 TO IMPROVE OR OTHERWISE CHANGE ITS OFFER, SHOULD IT WISH TO DO SO.REAFFIRMS ITS PREVIOUS STATEMENTS THAT OFFER SIGNIFICANTLY UNDERVALUES FINDEL AND ITS FUTURE PROSPECTS.STRONGLY RECOMMENDS THAT ALL SHAREHOLDERS TAKE NO ACTION AND REJECT OFFER.  Full Article

Sports Direct Commences Share Buyback Programme For Aggregate Purchase Price Of 15 Mln Stg
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sports Direct International PLC ::SHARE BUYBACK PROGRAMME.PURPOSE OF PROGRAMME IS TO REDUCE SHARE CAPITAL OF COMPANY.INTENDS TO COMMENCE A NEW SHARE BUYBACK PROGRAMME FROM TODAY'S DATE FOR PERIOD UP TO AND INCLUDING 26 APRIL 2019.AGGREGATE PURCHASE PRICE OF ALL SHARES ACQUIRED UNDER PROGRAMME WILL BE NO GREATER THAN £15 MLN.SHARES REPURCHASED BY COMPANY WILL BE HELD IN TREASURY PENDING CANCELLATION OR RE-ISSUE.ENTERED INTO AGREEMENT WITH LIBERUM TO CONDUCT PROGRAMME ON CO'S BEHALF AND TO MAKE TRADING DECISIONS.MAXIMUM NUMBER OF SHARES THAT MAY BE PURCHASED UNDER PROGRAMME WILL BE 5 MLN ORDINARY SHARES.  Full Article

Mike Ashley Calls On Authorities To Reverse Debenhams Administration Process
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Sports Direct International PLC ::SPORTS DIRECT INTL. - STATEMENT RE DEBENHAMS.SPORTS DIRECT - NOTES ANNOUNCEMENT FROM DEBENHAMS AND PLACING INTO ADMINISTRATION, PASSING CONTROL OF BUSINESS TO LENDERS, WIPING OUT SHAREHOLDERS.SPORTS DIRECT'S MIKE ASHLEY SAYS I CALL ON AUTHORITIES TO REVERSE DEBENHAMS ADMINISTRATION PROCESS.  Full Article

Sports Direct Says Will Not Make Offer For Debenhams
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Sports Direct ::NO INTENTION TO BID STATEMENT RE DEBENHAMS PLC.REFERS TO ITS PRE-CONDITIONAL POSSIBLE OFFER FOR DEBENHAMS PLC AT 5P IN CASH PER ORDINARY SHARE ANNOUNCED ON 25 MARCH 2019.DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF DEBENHAMS.CO RESERVES RIGHT TO ACQUIRE DEBENHAMS SHARES.HAS UNTIL 5.00PM ON 22 APRIL TO ANNOUNCE EITHER A FIRM INTENTION TO MAKE AN OFFER FOR DEBENHAMS OR THAT IT DOES NOT INTEND TO MAKE OFFER.RESERVES RIGHT TO ACQUIRE DEBENHAMS SHARES, SUBJECT TO, AND IN ACCORDANCE WITH, CODE AND OTHER APPLICABLE REGULATIONS.FOR PURPOSE OF RULE 2.8 OF CODE, CO RESERVES RIGHT TO MAKE OR PARTICIPATE IN OFFER FOR DEBENHAMS WITHIN NEXT 6 MONTHS.  Full Article

Sports Direct Says Debenhams Rejects Co's Proposal To Underwrite £150 Mln Equity
Monday, 8 Apr 2019 

April 8 (Reuters) - SPORTS DIRECT::STATEMENT RE DEBENHAMS PLC.RECEIVED A LETTER FROM DEBENHAMS PLC REJECTING PROPOSAL MADE BY SPORTS DIRECT TO UNDERWRITE A £150 MILLION EQUITY.BELIEVES EQUITY ISSUANCE SHOULD HAVE BEEN DELIVERABLE WITH CO-OPERATION OF DEBENHAMS & EXISTING LENDERS.SOUGHT TO CONSTRUCTIVELY ENGAGE WITH DEBENHAMS IN ORDER TO PUT TOGETHER A PROPOSAL FOR A SOLVENT SOLUTION FOR DEBENHAMS.CONTINUES TO ACTIVELY EVALUATE ALL POSSIBLE OPTIONS TO SUPPORT DEBENHAMS.  Full Article

Sports Direct Says Number Of Debenhams Investors Back Appointment Of Ashley As Debenhams CEO
Monday, 1 Apr 2019 

April 1 (Reuters) - Debenhams PLC ::SPORTS DIRECT INTL. DEBENHAMS PLC - STATEMENT REGARDING DEBENHAMS PLC.SPORTS DIRECT INTERNATIONAL PLC - CONTACTED BY A NUMBER OF OTHER SHAREHOLDERS IN DEBENHAMS PLC.CONTACTED BY SHAREHOLDERS IN DEBENHAMS EXPRESSING SUPPORT FOR APPOINTMENT OF MIKE ASHLEY AS DEBENHAMS CEO.  Full Article

Odey Asset Management Discloses 5.23 Pct Stake In Debenhams As Of March 26
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Debenhams PLC ::ODEY ASSET MANAGEMENT DISCLOSES 5.23 PERCENT STAKE IN DEBENHAMS PLC AS OF MARCH 26 - FILING.  Full Article

Debenhams Says Any Firm Sports Direct Offer Will Be Given "Due Consideration"
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Debenhams Plc ::RESPONSE TO PROPOSAL BY SPORTS DIRECT.COMPANY WILL CONTINUE WITH ITS PLAN TO OBTAIN FUNDING REQUIRED, AS OUTLINED IN DEBENHAMS' STATEMENT OF 22 MARCH 2019.ANY FIRM PROPOSAL FROM SPORTS DIRECT REGARDING AN OFFER FOR COMPANY WILL BE GIVEN DUE CONSIDERATION BY BOARD.GIVEN TIMETABLE ASSOCIATED WITH PUBLIC OFFER, AN OFFER FOR COMPANY WOULD NOT, IN ITSELF, ADDRESS DEBENHAMS' IMMEDIATE FUNDING REQUIREMENT.GIVEN TIMETABLE ASSOCIATED WITH ANY PUBLIC OFFER, AN OFFER FOR COMPANY WOULD NOT, IN ITSELF, ADDRESS DEBENHAMS' IMMEDIATE FUNDING REQUIREMENT.COMPANY WILL CONTINUE WITH ITS PLAN TO OBTAIN FUNDING REQUIRED, AS OUTLINED IN DEBENHAMS' STATEMENT OF 22 MARCH.NOTES THAT THERE IS NO CERTAINTY THAT ANY OFFER WILL ULTIMATELY BE FORTHCOMING.  Full Article