Sports Direct International Plc Mike Ashley praises magnificent staff
September 08 2017 - 9:41AM
RNS Non-Regulatory
TIDMSPD
Sports Direct International Plc
08 September 2017
8 September 2017
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
Media Statement: Mike Ashley praises magnificent staff
Mike Ashley today praised staff at Sports Direct following the
Company's announcement that it is to pay employee share bonuses
worth over GBP43million.
Mr Ashley, Chief Executive at Sports Direct International plc,
said: "The people at Sports Direct deserve every penny of these
bonuses. It's thanks to their magnificent achievements and
fantastic loyalty that we are able to make progress towards
becoming the 'Selfridges' of sport."
The retail boss spoke following a stock exchange announcement on
Friday in which Sports Direct said a total of 11,104,370 ordinary
shares were acquired by almost 2,000 participants following the
exercise of awards under the Company's share schemes. The shares
vested at 390p - creating a bonus pool worth over GBP43million.
The awards were made to eligible staff at all levels of the
Company who had taken part in a share scheme launched in 2011.
Sports Direct recently announced in its Annual Report that it
expects to pay other awards and incentives this year of around
GBP19million, from which both permanent and casual staff can
benefit.
The incentives are on top of normal wages, which the Company
says are banded at rates above National Minimum Wage, and for those
aged 25 or over are above the statutory National Living Wage. The
Company also reiterated that casual workers at Sports Direct are
entitled to accrued holiday pay and statutory sick pay.
A spokesman for Sports Direct said: "It our policy to treat all
people at Sports Direct with dignity and respect and we will
continue to make positive difference."
Ends.
Sports Direct International
plc T. 0344 245 9200
Cameron Olsen, Company E. investor.relations@sportsdirect.com
Secretary
KBA PR
Keith Bishop T. 0207 734 9995
E. sd@kbapr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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