TIDMFRAS

RNS Number : 7003L

Frasers Group PLC

01 May 2020

Date: 1 May 2020

FRASERS GROUP PLC

(the "Company")

PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES

On 30 April 2020, a total of 19,875 ordinary shares of 10 pence each in the Company ("Shares") were acquired by two participants following the exercise of an award under the Company's share schemes. The 19,875 shares sold by the participants following exercise were acquired by Estera Trust (Jersey) Limited as Trustee of the Sports Direct Employee Benefit Trust (the "Trustee"), with the acquisition being funded by a loan advanced by the Company. The Shares were acquired at a price of 260 pence per Share (being an amount equal to the mid-market closing price of a Share on 30 April 2020) in an off-market transaction effected in Jersey. The Trustee has purchased these Shares in order to help meet future obligations arising under the Company's share schemes.

-Ends-

 
 Frasers Group plc 
  Tom Piper, Company Secretary     T. 0344 245 9200 
  LEI: 213800JEGHHEAXIJDX34        E. investor.relations@sportsdirect.com

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 rns@lseg.com or visit www.rns.com.

END

MSCKZGGKZMKGGZM

(END) Dow Jones Newswires

May 01, 2020 08:57 ET (12:57 GMT)

Grafico Azioni Sports Direct (LSE:SPD)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Sports Direct
Grafico Azioni Sports Direct (LSE:SPD)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Sports Direct