REG - JD Sports Fashion - Director/PDMR Shareholding

JD Sports FashionAnnouncement

28/10/2024 17:30

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RNS Number : 9352J  JD Sports Fashion PLC  28 October 2024

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  Ordinary shares in JD Sports Fashion Plc of 0.05 pence each

     Identification code

                                                                  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

 

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  Ordinary shares in JD Sports Fashion Plc of 0.05 pence each

     Identification code

                                                                  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

 

d)

Aggregated information

N/A

e)

Date of the transaction

28 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

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