Director Share Allotment

RNS Number : 5226K

Sports Direct International Plc

15 July 2011

 



15 July 2011

SPORTS DIRECT INTERNATIONAL plc

Director Share Allotment

Sports Direct International Plc ("the Company") announces that on 15 July 2011, 50,000 Ordinary shares of 10 pence ("Shares") each in the Company were allotted to Keith Hellawell, its Non-Executive Chairman, as part of his remuneration package.  Dr Hellawell paid £5,000 for the allotment.

Under the terms of his remuneration package, which is a composite package of cash (£155,000 per annum) and Shares, Dr Hellawell has now exercised his option of acquiring 50,000 Shares during this 2011/12 financial year.

The difference between the market price and the nominal value of the Shares is part of his remuneration package.  Any tax and employee national insurance liabilities that arise as a result of this transaction will be met by Dr Hellawell either from his own resources or by the sale of sufficient Shares to meet those liabilities.  Subject to the possible sale of Shares to meet those tax and employee national insurance liabilities, Dr Hellawell is obliged to retain the Shares whilst he is a member of the Board of the Company.

The Shares allotted represent 0.008% of the total shares in issue in the Company.  The market value of the Shares at the close of business on 15 July 2011 was 254.5 pence per share.

Following the allotment of the 50,000 shares, Dr Hellawell currently holds 150,000 shares, representing 0.026% of the entire issued share capital.

 

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