boohoo group plc Purchase of Shares by Employee Benefit Trust (7667E)
March 03 2020 - 1:00AM
UK Regulatory
TIDMBOO
RNS Number : 7667E
boohoo group plc
03 March 2020
For Immediate Release 3 March 2020
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries
the "Group" or "the boohoo group")
Purchase of Shares by Employee Benefit Trust
boohoo group plc (AIM: BOO), a leading online fashion group,
announces that on 28 February 2020 it gave an irrevocable
instruction to the trustee ("Trustee") of the boohoo group plc
Employee Benefit Trust ("EBT") to purchase up to GBP10,000,000
worth of ordinary shares of 1 pence each ("Shares") as soon as
practically possible, including if necessary during the Group's
current closed period. These purchases are intended to satisfy
future awards of shares under boohoo group plc's employee share
plans.
On 28 February 2020, the EBT acquired 950,000 shares at an
average net price of 288.67 pence per share and on 2 March 2020 ,
the EBT acquired a further 1,462,888 shares at an average net price
of 299.59 pence per share, and these, together with any other
shares acquired pursuant to the irrevocable instruction, will be
held by the Trustee in the Group's EBT.
Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer Tel: +44 (0)161 233
2050
Alistair Davies, Investor Relations Tel: +44 (0)161 233
2050
Clara Melia, Investor Relations Tel: +44 (0)20 3289
5520
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)161 831
Finance) 1512
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829
Broking) 5000
Jefferies - Joint broker
Philip Noblet/Max Jones Tel: +44 (0)20 7029
8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/ Kim Looringh-van Tel: +44 (0)20 7466
Beeck/Toto Berger 5000
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and
innovative brand targeting young, value-orientated customers. For
13 years, boohoo has been pushing boundaries to bring its customers
up-to-date and inspirational fashion, 24/7. boohoo has grown
rapidly in the UK and internationally, expanding its offering with
range extensions into menswear, through boohooMAN.
In early 2017 the group extended its customer offering through
the acquisitions of the vibrant fashion brand PrettyLittleThing,
and free-thinking brand Nasty Gal. In March 2019 the group acquired
the MissPap brand and in August 2019, the Karen Millen and Coast
brands, all complementary to the group's scalable multi-brand
platform. United by a shared customer value proposition, our brands
design, source, market and sell great quality clothes, shoes and
accessories at unbeatable prices. These investment propositions
have helped us grow from a single brand, into a major multi-brand
online retailer, leading the fashion eCommerce market for 16 to
40-year-olds around the world. As at 31 August 2019, the boohoo
group has over 13 million active customers across all its brands
around the world.
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END
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