SOURCE: Performance Sports Group Ltd.

Performance Sports Group Ltd.

January 15, 2016 14:00 ET

Performance Sports Group Responds to False Media Report Regarding Secondary Offering

EXETER, NH--(Marketwired - Jan 15, 2016) - Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) ("Performance Sports Group" or the "Company"), a leading developer and manufacturer of high performance sports equipment and apparel, is commenting on a false media report that Performance Sports Group filed for a secondary offering.

The report stemmed from an incorrect report from StreetAccount.com, which reported in error on January 14, 2016 that Performance Sports Group had filed for a secondary offering. StreetAccount.com issued a subsequent report stating that StreetAccount.com "incorrectly reported that [Performance Sports Group] filed for a secondary offering through Rodman & Renshaw." Performance Sports Group confirms that the original StreetAccount.com report is completely false and that Performance Sports Group has not had, nor has contemplated having, a secondary offering. The Company also has no relationship with Rodman & Renshaw.

While the Company does not generally comment publicly on market speculation or rumors, the Company felt it was prudent to advise investors that the StreetAccount.com report is false and that the Company has not filed for a secondary offering, nor is a secondary offering contemplated. The Company does not anticipate issuing any further public statement regarding any rumors or speculation in the marketplace unless required by applicable laws.

About Performance Sports Group Ltd.

Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel and soccer apparel. The Company is the global leader in hockey with the strongest and most recognized brand, and it holds the No. 1 North American position in baseball and softball. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are distributed by sales representatives and independent distributors throughout the world. The Company is focused on building its leadership position by growing market share in all product categories and pursuing strategic acquisitions. Performance Sports Group is a member of the Russell 2000 and 3000 Indexes, as well as the S&P/TSX Composite Index. For more information on the Company, please visit www.PerformanceSportsGroup.com.

Contact Information

  • Company Contact:
    Mark Vendetti
    Chief Financial Officer
    Tel 1-603-430-2111
    Email Contact

    Investor Relations:
    Liolios Group Inc.
    Cody Slach
    Tel 1-949-574-3860
    Email Contact

    Media Contact:
    Steve Jones
    Sr. Director, Corporate Communications
    Tel 1-603-610-5813
    Email Contact