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v a l u e o f h y p o t h e t i C a l £ 1 0 0 h o l d i n G non-exeCutive direCtorships The Board recognises that executive directors may be invited to become nonexecutive directors of other companies, and that the experience and knowledge gained as a result of such appointments are of benefit to the Company. Accordingly, the Board has agreed that the executive directors may accept one such appointment, and retain any fees payable in respect thereof, subject to there being no conflict of interest. No executive director currently holds any such appointment. performanCe Graph The following graph, required by the Regulations, shows the Company’s total shareholder return since Admission against that of the FTSE 250 index (excluding investment trusts). The Committee considered this an appropriate index against which to compare the Company’s performance as it is widely accepted as a national measure and includes the companies that investors are likely to consider alternative investments. historical tsr performance Growth in the value of a hypothetical £100 holding since flotation up to year end ftse mid 250 excluding investment trusts Comparison Based on spot values £140 £120 £100 £80 £60 £40 £20 £0 27-feb-07 29-apr-07 ftse 250 ex investment trusts sports direct DATE 27-apr-08 26-apr-09 serviCe ContraCts The Executive Directors’ service contracts are summarised in the following table Name Contract date Unexpired term/ notice period Proper law Mike Ashley 11/02/2007 12 Months England & Wales Dave Forsey 11/02/2007 12 Months England & Wales Bob Mellors 11/02/2007 12 Months England & Wales audited information auditors’ report The auditors are required to report on the information contained in the following section of this report, other than in respect of directors’ shareholding. direCtors remuneration 2009 The following pages set out an analysis of directors’ emoluments and annual bonus, entitlements under the Performance Share Plan and shareholdings. direCtors’ emoluments An analysis of directors’ emoluments relating to salary and directors fees, annual bonus and other benefits (other than entitlements under the Performance Share Plan and in respect of pensions) for the 52 weeks to 26 April 2009 (the Year) is set out below: £000 Salaries and fees Bonus Other benefits Total 2009 Total 2008 Mike Ashley - - - - Simon Bentley 144 - - 144 128 Chris Bulmer - - 24 Malcolm Dalgleish 50 - - 50 26 Dave Forsey 150 - - 150 150 Bob Mellors 150 - - 150 150 David Richardson - - 12 Dave Singleton 60 - - 60 26 Total 554 554 516 The aggregate of directors’ emoluments in the Year was £554,000: (2007-08: £515,333). BasiC salary The basic salaries of executive directors at the Year end and at 16 July 2009 (the latest practicable date before the printing of this report) were as shown below: At 26 April 2009 at 16 July 2009 At 26 April 2009 At 10 July 2009 Mike Ashley - - Dave Forsey £150,000 £150,000 Bob Mellors £150,000 £150,000 annual Bonus sCheme Performance against business targets during the Year was such that no annual bonus was earned by executive directors participating in the Annual Bonus Scheme. Sports Direct International PLC Annual Report 2009 25
direCtors’ remuneration report Continued performanCe share plan Share awards under the Performance Share Plan were made to certain of the executive directors as shown below: Date of award Maximum shares receivable at 27 April 2008 (1) Shares awarded during the Year Shares vested during the Year Maximum shares receivable at 26 April 2009 Market Value per share on date of award Earliest date of vesting (2) Dave Forsey 5/04/2007 223,256 - - 223,256 268.75p 25/04/2010 16/07/2008 987,654 - 987,654 60.75p 25/04/2011 TOTAL 1,210,910 Bob Mellors 5/04/2007 223,256 - - 223,256 268.75p 25/04/2010 16/07/2008 987,654 - 987,654 60.75p 25/04/2011 TOTAL 1,210,910 (1) The number of shares is the maximum number of shares that could be receivable by the director if the performance conditions, outlined on pages 23 and 24, are fully met. (2) The “Earliest Date of Vesting” is the end of the relevant performance period. The outcome for that period and the number of awards that vest will not be known until July of the appropriate year. No share awards were made in 2007/08 as awards under the Performance Share Plan were made in April 2007 (during the 42 days following Admission) and the performance period for those awards ends at the same time as the performance period for any awards that may have been made during that Year. direCtors’ shareholdinGs The beneficial interests of the directors in office on 26 April 2009 and of their families in both cases at the beginning of the Year, or at the date of appointment if later, and at the end of the Year in the share capital of the Company are shown below: Ordinary Shares 27 April 2008 Ordinary Shares 26 April 2009 and 16 July 2009 Mike Ashley 410,400,000 410,400,000 Simon Bentley - 250,000 Malcolm Dalgleish 75,000 80,694 Dave Forsey 1,000,000 1,000,000 Bob Mellors 1,000,000 1,000,000 Dave Singleton 3,621 153,621 pension ContriButions The Company made no contributions to directors’ money purchase pension schemes during the year. dave singleton Chairman of the Board Remuneration Committee 16 July 2009 26 Directors’ Remuneration Report
Page 2 and 3: sports direct is the UK’s leading
Page 4 and 5: Contents Chairman’s statement Chi
Page 6 and 7: Dave Forsey Chief Executive overvie
Page 8 and 9: Brands division Total Brands revenu
Page 10 and 11: The Group historically hedged the r
Page 12 and 13: Basis of reportinG The financial st
Page 14 and 15: strateGiC investments During the Ye
Page 16 and 17: simon Bentley Acting Non-Executive
Page 18 and 19: The Board may refuse to register a
Page 20 and 21: auditors Grant Thornton UK LLP has
Page 22 and 23: The Board provides corporate govern
Page 24 and 25: share dealinG Code The Company has
Page 26 and 27: the performanCe share plan The Perf
Page 30 and 31: direCtors’ responsiBilities The d
Page 32 and 33: During 2008/09 a customer service h
Page 34 and 35: finanCial statements report of the
Page 36 and 37: Continuing operations: Consolidated
Page 38 and 39: assets non-current assets 52 weeks
Page 40 and 41: 1. aCCountinG poliCies The consolid
Page 42 and 43: Borrowings and borrowing costs Borr
Page 44 and 45: 4. seGmental analysis primary repor
Page 46 and 47: secondary reporting format — geog
Page 48 and 49: 10. finanCe inCome 52 weeks ended 2
Page 50 and 51: 14. property, plant and equipment f
Page 52 and 53: Value in use calculations are based
Page 54 and 55: 17. availaBle-for-sale finanCial as
Page 56 and 57: 21. share Capital authorised 26 apr
Page 58 and 59: 25. BorrowinGs Non-current: 26 apri
Page 60 and 61: The assumptions used to determine t
Page 62 and 63: The dilapidations provision is the
Page 64 and 65: The sterling principal amounts of f
Page 66 and 67: adjustments to fair value for prior
Page 68 and 69: 34. Capital Commitments The Group h
Page 70 and 71: eport of the independent auditor to
Page 72 and 73: 1. aCCountinG poliCies notes to the
Page 74 and 75: 7. reserves share premium account t
Page 76 and 77: egistrar and transfer office Capita

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