REG - JD Sports Fashion - Directors’ Remuneration Policy - Clarification

JD Sports FashionAnnouncement

12/06/2025 13:00

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RNS Number : 6259M  JD Sports Fashion PLC  12 June 2025

JD Sports Fashion Plc

12 June 2025

 

JD Sports Fashion Plc

Directors' Remuneration Policy - Clarification

 

It has come to the Company's attention that, due to a printing error, a table
was omitted from the "Approach to recruitment remuneration" section of the
proposed directors' remuneration policy on page 124 of the Company's Annual
Report and Accounts for the year ended 1 February 2025. For clarity, the full
section, including the omitted table, is set out below.

 

"Approach to Recruitment Remuneration

 

In the event that a new Executive Director or Non-Executive Director was to be
appointed, remuneration would be determined consistent with the Policy table,
paying no more than necessary. The table below sets out the elements of
remuneration that would be considered for the appointment of a new Executive
Director.

 

 Remuneration element                           Policy and operation

 Fixed pay (base salary, benefits and pension)  In line with the Remuneration Policy, base salaries, benefits and pension
                                                would be set to provide a competitive fixed level of remuneration in order to
                                                attract and retain Executive Directors of the necessary calibre to execute
                                                JD's strategy and deliver shareholder value.
  Annual bonus                                  New Executive Director appointments will be eligible to participate in the
                                                annual bonus plan with an annual award of up to 200% of salary, operated in
                                                line with the Remuneration Policy.
 LTIP                                           New Executive Director appointments will be eligible to participate in the
                                                LTIP with an annual grant of up to 300% of salary, operated in line with the
                                                Remuneration Policy.
 Buy-out awards                                 If it were necessary to attract the right candidate, due consideration would
                                                be given to making awards necessary to compensate for forfeited awards in a
                                                previous employment.

                                                In making any such award, the Committee will take into account any performance
                                                conditions attached to the forfeited awards, the form in which they were
                                                granted and the timeframe of the forfeited awards.

                                                The value of any such award will be capped to be no higher on recruitment than
                                                the forfeited awards and will not be pensionable nor count for the purposes of
                                                calculating bonus and LTIP awards.

                                                Any such award would be in addition to the normal bonus and LTIP awards set
                                                out in the Policy table.
  Relocation costs                              Where appropriate, JD will offer to pay reasonable relocation expenses.
 One-off recruitment award                      In exceptional recruitment circumstances, the Remuneration Committee retains
                                                the ability to grant a one-off share award of up to 200% of salary in addition
                                                to any normal LTIP award. Such award may be granted in a combination of
                                                Performance Shares and Restricted Stock with at least half of the award to be
                                                granted in the form of Performance Shares.

 

In respect of an internal promotion to the Board, any commitments made before
the promotion will continue to be honoured even if they would otherwise be
inconsistent with the Remuneration Policy prevailing when the commitment is
fulfilled."

 

The proposed directors' remuneration policy will be presented for approval by
shareholders under resolution 3 of the Company's Annual General Meeting to be
held on Wednesday 2 July 2025 at 10.00am.

 

Enquiries:

 

JD Sports Fashion
Plc                                                                                  Tel:
0161 767 1000

Régis Schultz, Chief Executive Officer

Dominic Platt, Chief Financial Officer

Theresa Casey, General Counsel & Company Secretary

Mark Blythman, Investor Relations Director

 

FGS
Global
Tel: 0207 251 3801

Rollo Head

Jenny Davey

James Thompson

 

 

 

 

 

 

 

 

 

 

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