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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sports Direct International    FRAS   GB00B1QH8P22

SPORTS DIRECT INTERNATIONAL

(FRAS)
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Sports Direct International : Share Buyback Announcement

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10/25/2019 | 11:31am EST

Date: 25 October 2019

SPORTS DIRECT INTERNATIONAL PLC

('Sports Direct' or the 'Company')

SHARE BUYBACK PROGRAMME

The Company announces that it has instructed Liberum Capital Limited in relation to an irrevocable, non-discretionary share buyback programme to purchase the Company's shares during the forthcoming closed period, which commences on 28 October 2019 and will end on 11 December 2019 (the 'Closed Period Programme').

Liberum Capital Limited will conduct the Closed Period Programme on the Company's behalf and make trading decisions under the Closed Period Programme independently of the Company. The maximum number of shares that may be purchased under the Closed Period Programme will be 10,000,000 ordinary shares and the aggregate purchase price of all shares acquired under the Closed Period Programme will be no greater than £30,000,000.

The purpose of the Closed Period Programme is to reduce the share capital of the Company.

The Closed Period Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2019 annual general meeting, Chapter 12 of the Listing Rules, the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes and the Commission Delegated Regulation (EU) 2016/1052. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.

Ends.

Disclaimer

Sports Direct International plc published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 15:30:10 UTC

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Financials (GBP)
Sales 2020 4 229 M
EBIT 2020 235 M
Net income 2020 139 M
Debt 2020 339 M
Yield 2020 -
P/E ratio 2020 19,2x
P/E ratio 2021 19,5x
EV / Sales2020 0,69x
EV / Sales2021 0,69x
Capitalization 2 594 M
Chart SPORTS DIRECT INTERNATIONAL
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 433,33  GBp
Last Close Price 514,50  GBp
Spread / Highest target 16,6%
Spread / Average Target -15,8%
Spread / Lowest Target -41,7%
EPS Revisions
Managers
NameTitle
Michael James Wallace Ashley Chief Executive Officer
David Daly Non-Executive Chairman
Chris Wootton Chief Financial Officer
David Brayshaw Non-Executive Director
Nicola Frampton Non-Executive Director
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GRANDVISION1.39%7 822
FIELMANN AKTIENGESELLSCHAFT0.63%6 750