JJB’s plan for top manager share bonuses gets green light

JJB Sports shareholders yesterday voted in favour of a £73.4m share bonus scheme for top managers.

The share incentive scheme is for four directors and a small group of senior managers and 94 per cent of shareholders voted in favour.

Managers including chairman Mike McTighe and chief executive Keith Jones could end up with as much as 15 per cent of the company’s equity if they hit targets under the five-year turnaround plan.

McTighe and Jones will each receive 25 per cent of any shares awarded, with the remaining 50 per cent handed to senior managers including Dave Williams, chief financial officer, and David Adams, senior independent non-executive director.

The group said the scheme would allow staff to “share in the value” of JJB’s recovery.