JD Sports Fashion PLC

Director's Dealing • Oct 28, 2024

National Storage Mechanism | Additional information

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

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.

END

DSHFELFWAELSEES