RNS Number : 9172D

JD Sports Fashion Plc

01 July 2021

1 July 2021



At the Annual General Meeting of the Company held on 1 July 2021 at Hollinsbrook Way, Pilsworth, Bury, Lancashire, BL9 8RR at 1pm, all resolutions were duly passed, save for the independent shareholder vote on resolution 6.

In accordance with the Listing Rule 9.6.2, a copy of the resolutions not relating to ordinary business passed at the meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.jdplc.com .

The full voting results can also be found on the Company's website at www.jdplc.com .

The Board notes that, save for the independent shareholder vote on resolution 6, all resolutions have been passed with the requisite majority.

The Board recognises that the resolution to re-elect Andrew Leslie has not received a requisite majority of the independent shareholders. Accordingly, Andrew Leslie will step down from the Board with immediate effect.

The Board and its Committees will now commence a process to select Andrew's successor in his role as Non-Executive Director and Remuneration Committee Chair and an announcement will be made in this regard in due course. In the interim period, the Remuneration Committee will elect a temporary Chair in respect of any scheduled Remuneration Committee meetings which may take place before a new Chair is appointed.

Peter Cowgill, Executive Chairman, said: "On behalf of the Board, I would like to thank Andrew for his valued contribution to the Company, during a period which has seen significant growth and international development."

The Board recognises the lower levels of support for the Remuneration Report and the Remuneration Policy. The Remuneration Committee is, however, pleased that the resolutions regarding the new share based LTIP (83.43% of the vote in favour) and the new remuneration policy (79.99% of the vote in favour) received considerably more support than the previous LTIP and remuneration policy at the AGM in 2020.

The Board has spent a significant amount of time engaging with its shareholders during the course of the past year and has used the feedback from this engagement to shape its remuneration structures in a way which achieves better alignment with shareholder interests.

Many of the Company's shareholders have been encouraged by the progress made with regard to remuneration during the past year and the Board has committed to continue this progression going forwards. The Company intends to continue its very positive engagement with shareholders on an ongoing basis.

Siobhan Mawdsley

Company Secretary

JD Sports Fashion Plc

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(END) Dow Jones Newswires

July 01, 2021 11:31 ET (15:31 GMT)

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