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Dave Forsey exits secretary role at Mike Ashley’s holding company

Sports Direct chief executive Dave Forsey has left his role as secretary at Mike Ashley’s holding company Mash Holdings, according to a document filed at Companies House.

He has been replaced by Eacotts International, a firm of chartered accountants, tax and business advisors based in Buckinghamshire, in the role of corporate secretary.

The move comes ahead of the much-anticipated Sports Direct AGM at 11am in Shirebrook, Derbyshire, today and follows a brief trading update this morning, which said the retailer continues to trade in line with management expectations and is working towards hitting its lowered profit performance target of £420m.

Mash Holdings more than doubled its pre-tax operating profit to £542.6m in the year to April 30, 2014, up from £256.4m the previous year. The holding company, which owns Sports Direct, a selection of licensed brands and Newcastle United Football Club, increased sales from £2.3bn to £2.8bn during the period.


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