Sports Direct International plc clarifies the role and terms in relation to Michael Murray

Shirebrook, UK, 2016-1-4 — /EPR Retail News/ — Sports Direct International plc (“Sports Direct” or “the Company”) wishes to clarify the role and terms in relation to Michael Murray.

Michael Murray heads up the Company’s property team for the UK and internationally, which is primarily tasked with finding new sites for both our larger format stores and our combined retail and gym units.

Michael has a consultancy arrangement with the Company, is not paid a salary, and contrary to recent incorrect press reports is not a director of any company within the Sports Direct Group. His remuneration is based solely on creating value, with the Company’s non-executive directors overseeing an independent review annually and deciding, in their absolute discretion, how much of any increased value (up to a maximum of 25%) shall be paid to Michael.

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T. 0207 250 1446

Rory Godson

Peter Ogden

Lisa Kavanagh

Notes to Editors

Sports Direct is the UK’s leading sports retailer by revenue and operating profit, with approximately 400 stores across the UK. The Group provides an unrivalled range of products, offering exceptional quality and unbeatable value, from a wide variety of third-party and Group-owned brands, both in-store and online. Sports Direct now operates in 20 countries in Europe. For more information please visit: www.sportsdirectplc.com  

 

>This information is provided by RNS
The company news service from the London Stock Exchange