JD Sports Fashion Plc
13 January 2023
JD Sports Fashion Plc
Grant of Buyout Award to Chief Executive Officer
Notification of Director/PDMR Shareholding
Further to the announcement on 20 December 2022, JD Sports Fashion Plc ('JD' or the 'Company') the leading retailer of sports, fashion, and outdoor brands, announces that on 13 January 2023, Régis Schultz, the Company's Chief Executive Officer (CEO), acquired 996,066 of ordinary shares of 0.05 pence each in the Company. The shares were granted as a buyout award valued following his recent appointment. The buyout award granted is of equivalent value to the cash annual bonus, that was due to be paid to the CEO by his previous employer, which he forfeited upon commencing employment with the Company on 1 September 2022.
The buyout award has been delivered in shares (after application of tax and social security) in order to give Régis Schultz a stake in the business and align with the interests of shareholders.
The shares pursuant to this award are subject to the ongoing shareholding requirement recently introduced at the General Meeting as well as malus and clawback provisions, in line with the Directors' Remuneration Policy. The CEO has committed to retain the shares under the buyout award in order to build up to the shareholding requirement.
Following this award, Regis Schultz has a total interest in 996,066 shares, representing 0.02% of the issued share capital of the Company.
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
Neil Greenhalgh, Chief Financial Officer
Nim Cassidy, General Counsel and Company Secretary
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 | Acquisition of shares pursuant to the buyout award | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| | | | ||||
| | | | ||||
| e) | Date of the transaction | 13 January 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
