Company Announcements

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'):

The FY25 awards are subject to the following performance conditions:

* 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