boohoo.com plc Issuance of Ordinary Shares to the Chairman & NEDs (8396X)
February 24 2017 - 9:54AM
UK Regulatory
TIDMBOO
RNS Number : 8396X
boohoo.com plc
24 February 2017
For Immediate Release 24 February 2017
boohoo.com plc
("boohoo" or the "Company")
Issuance of Ordinary Shares to the Chairman and Non--Executive
Directors
boohoo, one of the UK's largest pure--play online, own brand
fashion retailers, announces that it has issued new ordinary shares
of 1 pence each ("New Ordinary Shares") to its Chairman and
Non--executive Directors as part of their compensation package.
A total of 37,539 New Ordinary Shares were issued at an
effective price of 146.50 pence under the terms of their service
agreements which require compensation to be made partly in cash and
partly in Ordinary Shares. The New Ordinary Shares represent the
share compensation due for the year ending February 2017 and are
subject to lock in provisions for as long as the recipient remains
a director of boohoo. The details of the issuance are set out
below:
Director Value of Number of Number of Percentage
the share New Ordinary Ordinary of the enlarged
issuance Shares Issued Shares held Ordinary
following Share Capital
the issuance
---------------- ------------ --------------- -------------- -----------------
Peter Williams GBP25,000 17,064 478,414 0.04%
---------------- ------------ --------------- -------------- -----------------
David Forbes GBP10,000 6,825 271,365 0.02%
---------------- ------------ --------------- -------------- -----------------
Sara Murray GBP10,000 6,825 6,825 0.00%
---------------- ------------ --------------- -------------- -----------------
Stephen
Morana GBP10,000 6,825 410,463 0.04%
---------------- ------------ --------------- -------------- -----------------
Trading in the New Ordinary Shares, which will rank pari passu
in all respects with the existing Ordinary Shares, is expected to
commence on or around 2 March 2017.
Total Voting Rights
Following admission of the New Ordinary Shares, the total number
of ordinary shares and voting rights in the Company will be
1,123,304,869. The Company does not hold any shares in
treasury.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Enquiries
boohoo.com plc
Neil Catto, Chief Financial Tel: +44 (0)161 233 2050
Officer Tel: +44 (0)7748 171236
Clara Melia, Investor Relations
Zeus Capital - Nominated
adviser and joint broker Tel: +44 (0)161 831 1512
Nick Cowles/Andrew Jones Tel: +44 (0)20 3829 5000
(Corporate Finance)
John Goold/Benjamin Robertson
(Corporate Broking)
Jefferies Hoare Govett - Tel: +44 (0)20 7029 8000
Joint Broker
Nick Adams/Max Jones
Buchanan - Financial PR
adviser Tel: +44 (0)20 7466 5000
Richard Oldworth/Madeleine boohoo@buchanan.uk.com
Seacombe/Jane Glover
This information is provided by RNS
The company news service from the London Stock Exchange
END
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