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06/09/2014 16:39

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RNS Number : 4113M
Sports Direct International Plc
16 July 2014 
 
16 July 2014 
 
Sports Direct International plc 
 
Mike Ashley Withdraws from 2015 Bonus Share Scheme 
 
Sports Direct International plc ("Sports Direct" or the "Group"), the UK's
leading sports retailer, announces that Mike Ashley, Executive Deputy Chairman
of Sports Direct, after discussion with the Remuneration Committee, has
informed the Board that he does not wish to be awarded any shares under the
2015 Bonus Share Scheme.  This follows the approval of the resolution by a
clear majority of independent shareholders on 2 July 2014 to implement the
2015 Bonus Share Scheme. 
 
Mr. Ashley has further informed the Board and Remuneration Committee that
while the 2015 Bonus Share Scheme (which relates to the financial period up to
April 2019) is in place he does not expect any other share based incentive
scheme to be proposed to shareholders in relation to his role as an executive
director of Sports Direct. 
 
Keith Hellawell, Non-Executive Chairman of Sports Direct International plc,
said: 
 
"The resolution passed by shareholders to implement the 2015 Bonus Share
Scheme clearly recognises the success of previous company-wide schemes, and
the significant contribution from Mike.  On behalf of the entire Board, I
should like to thank shareholders for the trust and confidence that they have
demonstrated towards the team. Mike remains fully committed to achieving the
scheme's stretch targets. Regarding the allocation of shares, Mike's focus is
on ensuring that the scheme aligns all employees to achieve the Company's
objectives. Following recent unhelpful speculation surrounding his potential
allocation, he is determined to ensure that there is the maximum number of
shares available for the eligible employees." 
 
The Group's Preliminary Results for FY2014 will be announced on 17 July 2014. 
 
Sports Direct International plc                                               
                                   0845 129 9229 
 
Dave Forsey - Chief Executive 
 
Jeff Blue - Director, Strategic Development 
 
Powerscourt                                                                   
                                                  020 7250 1446 
 
Rory Godson 
 
Victoria Palmer-Moore 
 
Greg Lawless 
 
Notes to Editors 
 
Sports Direct is the UK's leading sports retailer by revenue and operating
profit, with approximately 400 stores across the UK.  The Group provides an
unrivalled range of products, offering exceptional quality and unbeatable
value, from a wide variety of third-party and Group-owned brands, both
in-store and online.  Sports Direct operates approximately 270 stores in 19
European countries, including Belgium, Austria, Slovenia, Portugal and
France. 
 
The Group has an extensive brand portfolio, comprising 28 internationally
recognised sports, fashion and lifestyle brands including Dunlop, Slazenger,
Everlast, Lonsdale and Karrimor. 
 
Sports Direct was founded in 1982, listed on the London Stock Exchange in 2007
and is a constituent of the FTSE 100 index. For more information please visit
www.sportsdirectplc.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange