Sports Direct Is The UK's Leading Sports Retailer - Sports Direct ...
Sports Direct Is The UK's Leading Sports Retailer - Sports Direct ...
Sports Direct Is The UK's Leading Sports Retailer - Sports Direct ...
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direCtors’ remuneration report Continued<br />
performanCe share plan<br />
Share awards under the Performance Share Plan were made to certain of the<br />
executive directors as shown below:<br />
Date of<br />
award<br />
Maximum<br />
shares<br />
receivable<br />
at 27 April<br />
2008 (1)<br />
Shares<br />
awarded<br />
during<br />
the<br />
Year<br />
Shares<br />
vested<br />
during<br />
the<br />
Year<br />
Maximum<br />
shares<br />
receivable<br />
at 26 April<br />
2009<br />
Market<br />
Value per<br />
share on<br />
date of<br />
award<br />
Earliest<br />
date of<br />
vesting (2)<br />
Dave<br />
Forsey 5/04/2007 223,256 - - 223,256 268.75p 25/04/2010<br />
16/07/2008 987,654 - 987,654 60.75p 25/04/2011<br />
TOTAL 1,210,910<br />
Bob<br />
Mellors 5/04/2007 223,256 - - 223,256 268.75p 25/04/2010<br />
16/07/2008 987,654 - 987,654 60.75p 25/04/2011<br />
TOTAL 1,210,910<br />
(1) <strong>The</strong> number of shares is the maximum number of shares that could be receivable by the<br />
director if the performance conditions, outlined on pages 23 and 24, are fully met.<br />
(2) <strong>The</strong> “Earliest Date of Vesting” is the end of the relevant performance period. <strong>The</strong> outcome for<br />
that period and the number of awards that vest will not be known until July of the appropriate<br />
year.<br />
No share awards were made in 2007/08 as awards under the Performance<br />
Share Plan were made in April 2007 (during the 42 days following Admission)<br />
and the performance period for those awards ends at the same time as the<br />
performance period for any awards that may have been made during that Year.<br />
direCtors’ shareholdinGs<br />
<strong>The</strong> beneficial interests of the directors in office on 26 April 2009 and of their<br />
families in both cases at the beginning of the Year, or at the date of appointment<br />
if later, and at the end of the Year in the share capital of the Company are shown<br />
below:<br />
Ordinary Shares<br />
27 April 2008<br />
Ordinary Shares<br />
26 April 2009<br />
and 16 July 2009<br />
Mike Ashley 410,400,000 410,400,000<br />
Simon Bentley - 250,000<br />
Malcolm Dalgleish 75,000 80,694<br />
Dave Forsey 1,000,000 1,000,000<br />
Bob Mellors 1,000,000 1,000,000<br />
Dave Singleton 3,621 153,621<br />
pension ContriButions<br />
<strong>The</strong> Company made no contributions to directors’ money purchase pension<br />
schemes during the year.<br />
dave singleton<br />
Chairman of the Board Remuneration Committee<br />
16 July 2009<br />
26 <strong>Direct</strong>ors’ Remuneration Report