JD Sports Fashion Plc
28 October 2024
JD Sports Fashion
Plc
Grant of LTIP Awards
Notification
Director/PDMR
Shareholding
JD Sports Fashion Plc ('JD' or the
'Group') the leading retailer of sports, fashion,
and outdoor brands, announces that on
28 October 2024, the Executive Directors noted below were
granted long term incentive awards in the form of nil cost options
over ordinary shares.
LTIP Awards in respect of FY25
The following awards have been made
under the JD Sports Fashion Plc Long Term Incentive Plan 2022
('LTIP'):
|
PDMR
|
Award
|
Number of shares granted
|
|
Régis Schultz
|
FY25 LTIP
|
1,623,948
|
|
Dominic Platt
|
FY25 LTIP
|
833,649
|
The FY25 awards are subject to the
following performance conditions:
|
EPS
performance condition
|
Threshold (25% of
maximum)
|
Maximum (100% of
maximum)
|
|
FY27 Adjusted Earnings Per
Share*
|
2.5% p.a.
growth (13.81p**)
|
10% p.a.
growth (17.06p**)
|
* Adjusted Earnings Per Share is calculated
using "Profit Before Tax and Adjusting items" as reported from FY25
onwards. This amount will then be tax adjusted for an effective tax
rate, and exclude profit after tax and adjusting items attributable
to non-controlling interests to determined adjusted profit after
tax and adjusting items attributable to equity shareholders. This
is then divided by shares in issuance at the end of
FY27.
**The restated Adjusted Earnings Per Share for FY24 of 12.82p
is currently unaudited, and will be audited as part of the FY25
audit, and so could potentially change.
The LTIP award will also be subject
to an ESG underpin such that the vested award will reduce by up to
20% on a "hit or miss" basis for each of
two metrics if ESG performance of the Group is
deemed not to be satisfactory over the relevant performance period,
based on an assessment by the Remuneration Committee of the
following conditions:
●
10% based on achievement of an Employee Engagement
Survey Participation score in the final year of the performance
period (based on results expected to be released in December 2026)
at least equal to 79% participation;
●
10% based on achievement of a Climate Change
rating of at least B by Carbon Disclosure Project (CPD) in the
final financial year of the performance period
The Notification of Dealing Form set
out below is provided in accordance with the requirements of the UK
Market Abuse Regulation.
Enquiries:
JD
Sports Fashion
Plc Tel:
0161 767 1000
Andrew Higginson, Chair
Régis Schultz, Chief Executive
Officer
Theresa Casey,
General Counsel & Company
Secretary
Mark Blythman, Investor Relations
Director
FGS
Global
Tel: 0207 251 3801
Rollo Head
Jenny Davey
James Thompson
|
1.
|
Details of the PDMR / person closely
associated
|
|
a)
|
Name
|
Régis Schultz
|
|
2.
|
Reason for the notification
|
|
a)
|
Position / status
|
Chief Executive Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
JD Sports Fashion Plc
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares in JD Sports Fashion
Plc of 0.05 pence each
GB00BM8Q5M07
|
|
b)
|
Nature of the transaction
|
Grant of performance-based nil cost
option over ordinary shares of JD Sports Fashion plc pursuant to
the The JD Sports Fashion Plc Long Term Incentive Plan
2022
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
1,623,948
|
|
|
d)
|
Aggregated information
|
N/A
|
|
|
|
|
|
|
|
|
|
e)
|
Date of the transaction
|
28 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the PDMR / person closely
associated
|
|
a)
|
Name
|
Dominic Platt
|
|
2.
|
Reason for the notification
|
|
a)
|
Position / status
|
Chief Financial Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
JD Sports Fashion Plc
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares in JD Sports Fashion
Plc of 0.05 pence each
GB00BM8Q5M07
|
|
b)
|
Nature of the transaction
|
Grant of performance-based nil cost
option over ordinary shares of JD Sports Fashion plc pursuant to
the The JD Sports Fashion Plc Long Term Incentive Plan
2022
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
833,649
|
|
|
d)
|
Aggregated information
|
N/A
|
|
|
|
|
|
|
|
|
|
e)
|
Date of the transaction
|
28 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
