JD Sports Fashion Plc Director/PDMR Shareholding (7070M)
13 January 2023 - 10:53PM
UK Regulatory
TIDMJD.
RNS Number : 7070M
JD Sports Fashion Plc
13 January 2023
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
Details of the PDMR / person closely associated
1.
a) Name Régis Schultz
-------------------------------- -------------------------------------
Reason for the notification
2.
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a) Position / status Chief Executive Officer
-------------------------------- -------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
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a) Name JD Sports Fashion Plc
-------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated for
4. (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
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a) Description of the financial Ordinary shares in JD Sports Fashion
instrument, type of instrument Plc of 0.05 pence each
Identification code GB00BM8Q5M07
-------------------------------- -------------------------------------
b) Nature of the transaction Acquisition of shares pursuant to
the buyout award
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 996,066
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-------------------------------- -------------------------------------
d) Aggregated information Price(s) Volume(s)
Nil 996,066
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e) Date of the transaction 13 January 2023
-------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
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END
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