Business
Directors’ Remuneration Policy - Clarification
Directors’ Remuneration Policy - Clarification.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n\nJD Sports Fashion Plc\n12 June 2025\n \nJD Sports Fashion Plc\nDirectors' Remuneration Policy - Clarification\n \nIt 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.\n \n\"Approach to Recruitment Remuneration\n \nIn 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.\n \n\n\n\n\nRemuneration element\n\n\nPolicy and operation\n\n\n\n\n \n\n\n \n\n\n\n\nFixed pay (base salary, benefits and pension)\n\n\nIn 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.\n\n\n\n\n Annual bonus\n\n\nNew 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.\n\n\n\n\nLTIP\n\n\nNew 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.\n\n\n\n\nBuy-out awards\n\n\nIf 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.\nIn 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.\nThe 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.\nAny such award would be in addition to the normal bonus and LTIP aw...