TIDMBOO
RNS Number : 9695Q
boohoo group plc
24 February 2023
For Immediate Release 24 February 2023
boohoo group plc
("boohoo" or the "Company")
Issuance of Ordinary Shares to all Non--Executive Directors and
Total Voting Rights
boohoo group plc (AIM: BOO), a leading online fashion group,
announces that it has issued new ordinary shares of 1 pence each
("New Ordinary Shares") to its Non--Executive Directors as part of
their compensation package.
A total of 99,824 New Ordinary Shares were issued at an
effective price of 50.09 pence under the terms of their letter of
appointment 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 financial year ending 28
February 2023 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 (%)
Brian Small GBP20,000 39,929 138,663 0.010
------------ --------------- -------------- -----------------
Iain McDonald GBP10,000 19,965 751,928 0.059
------------ --------------- -------------- -----------------
Tim Morris GBP10,000 19,965 46,262 0.003
------------ --------------- -------------- -----------------
Kirsty Britz GBP10,000 19,965 30,592 0.002
------------ --------------- -------------- -----------------
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 1 March 2023.
Total Voting Rights
Following admission of the New Ordinary Shares, the total number
of ordinary shares and voting rights in the Company will be
1,268,433,263. 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 group plc
Shaun McCabe, 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
Mark Mochalski, Investor Relations Tel: +44 (0)20 3239 6289
Zeus Capital - Nominated adviser and
joint broker
Andrew Jones / James Edis / Dan Bate Tel: +44 (0)161 831 1512
Benjamin Robertson Tel: +44 (0)20 3829 5000
Jefferies - Joint broker
Ed Matthews Tel: +44 (0)20 7029 8000
H arry Le May Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Toto Berger / Verity Tel: +44 (0)20 7466 5000
Parker
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and
innovative global brand targeting young, value-orientated
customers, pushing boundaries to bring its customers up-to-date and
inspirational fashion, 24/7.
In 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, in August 2019 the Karen Millen and Coast brands
and in June 2020 the Warehouse and Oasis brands, all complementary
to the group's scalable, multi-brand platform. In January 2021, the
group acquired the intellectual property assets of Debenhams, with
the goal of transforming a leading UK fashion and beauty retailer
into a digital department store and marketplace through a new
capital-light and low-risk operating model. In February 2021, the
group acquired the intellectual property assets of UK brands
Dorothy Perkins, Wallis and Burton. As at 31 August 2022, the
boohoo group had 19 million active customers across all its brands
around the world.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name i. B rian Small
ii. I ain McDonald
iii. Tim Morris
iv. Kirsty Britz
--------------------- --------------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status i. Deputy Chairman and Senior Independent Director
ii. Non-Executive Director
iii. Non-Executive Director
iv. Non-Executive Director
--------------------- --------------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name boohoo group plc
--------------------- --------------------------------------------------------
b) LEI 213800SZF3KFCECWY243
--------------------- --------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------
a) Description i. Ordinary shares of 1p each
of the financial ii. Ordinary shares of 1p each
instrument, iii. Ordinary shares of 1p each
type of instrument iv. Ordinary shares of 1p each
Identification ISIN: JE00BG6L7297
code
--------------------- --------------------------------------------------------
b) Nature of the i. Issue of shares as part of compensation package
transaction ii. Issue of shares as part of compensation
package
iii. Issue of shares as part of compensation
package
iv. Issue of shares as part of compensation
package
--------------------- --------------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) i 50.09p 39,929
------- --------------
ii 50.09p 19,965
------- --------------
iii 50.09p 19,965
------- --------------
iv 50.09p 19,965
------- --------------
--------------------- --------------------------------------------------------
d) Aggregated Price No. of shares
information i GBP20,000 39,929
- Aggregated ----------- --------------
volume ii GBP10,000 19,965
- Price ----------- --------------
iii GBP10,000 19,965
----------- --------------
iv GBP10,000 19,965
----------- --------------
--------------------- --------------------------------------------------------
e) Date of the i. 22 February 2023
transaction ii. 22 February 2023
iii. 22 February 2023
iv. 22 February 2023
--------------------- --------------------------------------------------------
f) Place of the i. Outside of a trading venue
transaction ii. Outside of a trading venue
iii. Outside of a trading venue
iv. Outside of a trading venue
--------------------- --------------------------------------------------------
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END
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