boohoo group plc Purchase of Shares by Employee Benefit Trust (9186E)
March 04 2020 - 1:00AM
UK Regulatory
TIDMBOO
RNS Number : 9186E
boohoo group plc
04 March 2020
For Immediate Release 4 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 further to its announcement on 3 March 2020, the
Trustee of the Group's Employee Benefit Trust ("EBT") has now
completed the purchase of ordinary shares of 1 pence each
("Shares") in accordance with the Group's irrevocable instruction.
Details of the purchases made are as follows:
Average net price per
Date Number of Shares acquired Share
28/02/2020 950,000 288.67p
-------------------------- ----------------------
02/03/2020 2,060,000 300.22p
-------------------------- ----------------------
03/03/2020 339,061 310.62p
-------------------------- ----------------------
As previously announced, these purchases are intended to satisfy
future awards of Shares under boohoo group plc's employee share
plans and these will be held by the Trustee in the Group's EBT.
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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