|
FOR IMMEDIATE RELEASE
|
20 May
2024
|
boohoo
group plc
("boohoo"
or "the Company" or "the Group")
Grant of Options, Directors'
Dealings and Total Voting Rights
boohoo group plc (AIM: BOO), a
leading online fashion group, announces that it has granted a total
of 15,560,103 awards on 17 May 2024 pursuant to the Company's
Discretionary Share Award Plan ("DSAP") and
Deferred Bonus Plan ("DBP").
DSAP Awards
Nil cost awards over a total
of 9,759,000 Ordinary Shares of 1 pence each ("Shares") were granted to senior
managers pursuant to the DSAP, equating to 0.76% of the
current issued share capital. No executive directors participated
in the DSAP Awards.
The options vest in tranches of 3,
6, 8 and 14 months dependent on the level of seniority and
subject to continued employment on the vesting
date.
DBP
Awards
Nil cost options over a total
of 5,801,103
Shares were granted to Mahmud Kamani, Carol Kane, and John
Lyttle in satisfaction of their annual bonus entitlement for the
year ended 29 February 2024, as detailed in the table
below, equating to 0.45% of the current issued share capital.
The options vest on the 1st anniversary of the grant
date on 17 May 2025 subject to continued employment on the vesting
date.
|
Name
|
Share Award
|
|
John
Lyttle
|
1,933,701
|
|
Carol
Kane
|
1,933,701
|
|
Mahmud
Kamani
|
1,933,701
|
Following this grant, the directors'
interest in Shares is as follows*:
|
Director
|
Shares held personally
|
Shares under option
|
Shares held under SIP
|
Shares under option in
SAYE
|
Total interest*
|
% of issued share
capital*
|
|
Mahmud Kamani
|
157,979,880
|
5,605,632
|
0
|
0
|
163,585,512
|
12.89
|
|
Carol Kane
|
20,000,000
|
4,058,557
|
0
|
0
|
24,058,557
|
1.89
|
|
John Lyttle
|
188,172
|
5,431,081
|
4,994
|
60,000
|
5,684,247
|
0.44%
|
* Carol Kane and John Lyttle also
have an interest in Shares through the Growth Share Plan as
previously announced.
Total Voting Rights
Following admission of the New
Ordinary Shares, the total number of ordinary shares and voting
rights in the Company will be 1,269,084,436. 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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Further details are set out in the
below notification, made in accordance with the requirements of the
UK Market Abuse Regulation.
|
1
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mahmud
Kamani
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Group
Executive Chairman
|
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
|
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
of the financial instrument, type of instrument
Identification code
|
Ordinary
shares of 1p
ISIN:
JE00BG6L7297
|
|
b)
|
Nature of
the transaction
|
Grant of
shares under option in the Company's DBP
|
|
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the
transaction
|
17 May
2024
|
|
f)
|
Place of
the transaction
|
Outside of
a trading venue
|
|
1
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Carol
Kane
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Group
Executive Director
|
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
|
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
of the financial instrument, type of instrument
Identification code
|
Ordinary
shares of 1p
ISIN:
JE00BG6L7297
|
|
b)
|
Nature of
the transaction
|
Grant of
shares under option in the Company's DBP
|
|
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the
transaction
|
17 May
2024
|
|
f)
|
Place of
the transaction
|
Outside of
a trading venue
|
|
1
|
Details of
the person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
John
Lyttle
|
|
2
|
Reason for
the notification
|
|
a)
|
Position/status
|
Group
CEO
|
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
|
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
of the financial instrument, type of instrument
Identification code
|
Ordinary
shares of 1p
ISIN:
JE00BG6L7297
|
|
b)
|
Nature of
the transaction
|
Grant of
shares under option in the Company's DBP
|
|
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the
transaction
|
17 May
2024
|
|
f)
|
Place of
the transaction
|
Outside of
a trading venue
|
|
Enquiries
|
|
|
|
boohoo group plc
|
|
|
|
Stephen Morana, Chief Financial
Officer
|
Tel: +44 (0)161 233 2050
|
|
Pete Templeton, Group Finance
Director
|
Tel: +44 (0)161 233 2050
|
|
Michael Cooper, Investor
Relations
|
Tel: +44 (0)161 233 2050
|
|
Rebecca Jamieson, Investor
Relations
|
|
|
|
|
|
Zeus Capital - Nominated adviser and joint
broker
|
|
|
Andrew Jones / Dan Bate / James
Edis
|
Tel: +44 (0)161 831 1512
|
|
Benjamin Robertson
|
Tel: +44 (0)20 3829 5000
|
|
|
|
|
Jefferies - Joint broker
|
|
|
Ed Matthews / Harry Le
May
|
Tel: +44 (0)20 7029 8000
|
|
|
|
|
HSBC - Joint broker
|
|
|
Chloe Ponsonby / James
Hopton
|
Tel: +44 (0)20 7991
8888
|
|
|
|
|
Headland - Financial PR adviser
|
|
|
Susanna Voyle / Will
Smith
|
Tel: +44 (0)20 3725 7514
|
|
|
|
| |
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006,
boohoo group is a fashion forward, inclusive and innovative
business. The Group's brands are complementary, vibrant and
scalable, delivering inspirational, on-trend fashion to our
customers 24/7. The diversity of our brands, including the group's
5 core brands, boohoo, boohooMAN, PrettyLittleThing, Karen Millen
and Debenhams, enable us to serve a broad customer base, globally,
with a primary focus on the UK and US markets. Since its
acquisition in 2021, Debenhams has been transformed from a retailer
into a digital marketplace with a capital-light, low-risk operating
model and a focus on fashion, beauty as well as home. Boohoo group
is concentrated on driving sustainable, profitable growth with
technology and automation increasing efficiency across the
business.