JD Sports Fashion Plc Result of AGM (9172D)
01 Julio 2021 - 10:31AM
UK Regulatory
TIDMJD.
RNS Number : 9172D
JD Sports Fashion Plc
01 July 2021
1 July 2021
JD SPORTS FASHION PLC ("Company")
ANNUAL GENERAL MEETING 2021 - VOTING RESULTS
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
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