For Immediate
Release
|
8 February 2024
|
|
|
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 206,309 New Ordinary
Shares were issued at an effective price of 33.93 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 2024 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 the share
issuance
|
Number of New Ordinary Shares
Issued
|
Number of Ordinary Shares held
following the issuance
|
Percentage of the enlarged Ordinary
Share Capital (%)
|
Iain McDonald
|
£20,000
|
58,945
|
810,873
|
0.064
|
Tim Morris
|
£10,000
|
29,473
|
75,735
|
0.006
|
Kirsty Britz
|
£10,000
|
29,473
|
60,065
|
0.005
|
Alistair McGeorge
|
£20,000
|
58,945
|
58,945
|
0.005
|
John Goold
|
£10,000
|
29,473
|
29,473
|
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 13
February 2024.
Total Voting Rights
Following admission of the New
Ordinary Shares, the total number of ordinary shares and voting
rights in the Company will be 1,268,675,790. 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
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boohoo group plc
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Pete Templeton, Group Finance
Director
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Tel: +44 (0)161 233 2050
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Mike Cooper, Head of Investor
Relations & Corporate Development
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Tel: +44 (0)161 233 2050
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Mark Mochalski, Investor
Relations
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Tel: +44 (0)20 3239 6289
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|
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Zeus - Nominated adviser and joint
broker
|
|
Andrew Jones / James Edis / Dan
Bate
|
Tel: +44 (0)161 831 1512
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Benjamin Robertson
|
Tel: +44 (0)20 3829 5000
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|
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Jefferies - Joint broker
|
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Ed Matthews / Harry Le
May
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Tel: +44 (0)20 7029 8000
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HSBC - Joint broker
|
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Adam Miller / James
Hopton
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Tel: +44 (0)20 7029 8000
|
|
|
Buchanan - Financial PR
adviser
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boohoo@buchanan.uk.com
|
Richard Oldworth / Toto Berger /
Verity Parker
|
Tel: +44 (0)20 7466 5000
|
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 2023, the boohoo group had 17 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.
Iain McDonald
ii.
Tim Morris
iii.
Kirsty Britz
iv.
Alistair McGeorge
v.
John Goold
|
2
|
Reason for the notification
|
a)
|
Position/status
|
i.
Non-Executive Director
ii.
Non-Executive Director
iii.
Non-Executive Director
iv.
Deputy Chairman and Non-Executive Director
v.
Non-Executive Director
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
boohoo group plc
|
b)
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LEI
|
213800SZF3KFCECWY243
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4
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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 of the financial
instrument, type of instrument
Identification code
|
i.
Ordinary shares of 1p each
ii.
Ordinary shares of 1p each
iii.
Ordinary shares of 1p each
iv.
Ordinary shares of 1p each
v.
Ordinary shares of 1p each
ISIN: JE00BG6L7297
|
b)
|
Nature of the transaction
|
i.
Issue of shares as part of compensation package
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
v.
Issue of shares as part of compensation package
|
c)
|
Price(s) and volume(s)
|
|
Price
|
No. of shares
|
i
|
33.93p
|
58,945
|
ii
|
33.93p
|
29,473
|
iii
|
33.93p
|
29,473
|
iv
|
33.93p
|
58,945
|
v
|
33.93p
|
29,473
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price
|
No. of shares
|
i
|
£20,000
|
58,945
|
ii
|
£10,000
|
29,473
|
iii
|
£10,000
|
29,473
|
iv
|
£20,000
|
58,945
|
v
|
£10,000
|
29,473
|
|
e)
|
Date of the transaction
|
i.
6 February 2024
ii.
6 February 2024
iii.
6 February 2024
iv.
6 February 2024
v.
6 February 2024
|
f)
|
Place of the transaction
|
i.
Outside of a trading venue
ii.
Outside of a trading venue
iii.
Outside of a trading venue
iv.
Outside of a trading venue
v.
Outside of a trading venue
|