Blacks Leisure spurns Sport Direct approach

852AM GMT nineteen March 2010

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Blacks Leisure Group

Sports Direct International

The house of the company, that owns the Millets and Blacks Outdoor chains, pronounced it would go on with the plans to lift income for the last proviso of turnaround plan.

Sports Direct, a vital shareholder with 28.5pc of Blacks, shut off plans for the �22m fundraising progressing in the year prior to announcing that it was deliberation a money offer.

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Blacks pronounced in a matter it "intends to pursue, as shortly as practicable, a pre-emptive fundraising that would be structured in such a approach as to usually need an typical fortitude being passed".

Such a fortitude would need a elementary infancy of shares being voted on the resolution.

Blacks pronounced the proclamation had been done but the agree of Sports Direct.