Result of Annual General Meeting

RNS Number : 5967L

Sports Direct International Plc

05 September 2012

 



5^th September 2012

Sports Direct International plc

Result of Annual General Meeting

Sports Direct International plc ("the Group"), the UK's leading sports retailer, announces that at its Annual General Meeting held earlier today, all resolutions except Resolution 18 were passed with over 90% acceptances. Although we are pleased that a clear majority (over 60%) voted in favour of Resolution 18, Mike Ashley's Super Stretch Share Scheme, the level of proxies did not reach the required 75% for a special resolution. The Board, therefore, decided to withdraw this resolution from the meeting.  The proxy voting results for all of the resolutions can be seen at the Company's website www.sportsdirectplc.com.

Dave Singleton, non-Executive Director and Chairman of the Remuneration Committee, commented:

"As a Board, we are very disappointed that this resolution was not passed, however we respect shareholders' views. We will, however, continue to look at innovative incentive programmes for all of our people to help drive growth and in turn, increase shareholder value. As such, a new Super Stretch Share Scheme with further performance criteria will be proposed to shareholders at a future meeting."

For further information, please contact:

Sports Direct International plc Dave Forsey, Chief Executive Bob Mellors, Group Finance Director	T. 0845 129 9229
FTI Consulting Jonathon Brill Alex Beagley Georgia Mann	T. 0207 831 3113

 

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