Sports Direct staff to receive bumper bonus from share scheme

Over 2,000 of Sports Direct’s employees are set to receive a huge windfall through the retail firm’s share scheme.

The shares will be paid in 2012 and 2013 after Sport’s Direct confirmed its second-year share scheme targets were met with underlying profits of £200.4 million.

This followed a first-year target of £160.4 million achieved in 2010.

Employees will receive a bonus of 25% of base pay in shares of £1 per share in 2012. They will receive the second bonus of 75% of base pay in shares of £1.25 per share in 2013.

Sports Direct plans to launch a four-year share scheme this year.

Dave Forsey, chief executive of Sports Direct International, said: “This has been an excellent year of growth for the group in what has been a challenging retail environment.

“Key to this growth has been the success of our employee bonus share scheme, which we introduced to focus the whole group on our ambitious growth targets.”

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