TIDMBOO

RNS Number : 3199K

boohoo group plc

27 August 2019

 
 For Immediate Release   27 August 2019 
 
 

boohoo group plc

("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")

2019 Share Incentive Plan

boohoo group plc (AIM: BOO), a leading online fashion group, announces that as part of the Company's commitment to encouraging all employees to be shareholders in the business, a total of 2,071,212 Ordinary Shares of 1 pence each ('Ordinary Shares') have been granted to employees.

A total of 2343 employees were found eligible and applied for the 2019 Share Incentive Plan ("2019 SIP") and have been granted 884 free Ordinary Shares each, representing approximately GBP2000 at the purchase price. The free shares were awarded on 23 August 2019 and are subject to a 3 year forfeiture period.

John Lyttle and Neil Catto, both Directors of the Company, have elected to participate in the 2019 SIP, and are included in the total figures above, their individual awards pursuant to the 2019 SIP being 884 shares each.

Following this grant Neil Catto's and John Lyttle's interests in shares in boohoo group plc are as follows (excluding any shares in boohoo holdings limited):

 
 Director       Shares        Shares    Shares under   Shares        Shares          Total       % of issued 
                 held          under       option       held under    under option    interest    share capital 
                 personally    option                   SIP           in SAYE 
                               in LTIP 
 Neil Catto     64,773        671,603    0             11,393        9,137            756,906    0.065% 
 John Lyttle    0             0          357,446       884           0                358,330    0.031% 
               ------------  ---------  ------------  ------------  --------------  ----------  --------------- 
 

Following these grants the Company has a total of 35,180,533 Shares under option representing approximately 3.019% of the issued ordinary share capital of the Company.

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                   John Lyttle 
     ---------------------  ------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------ 
 a)   Position/status        CEO 
     ---------------------  ------------------------------- 
 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            Ordinary shares of 1p 
       of the financial 
       instrument,            ISIN: JE00BG6L7297 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------- 
 b)   Nature of the          Grant of free shares under 
       transaction            the Company's Share Incentive 
                              Plan 
     ---------------------  ------------------------------- 
 c)   Price(s) and             Price(s)       Volume(s) 
       volume(s)                GBP2.261187    884 
     ---------------------  ------------------------------- 
 d)   Aggregated 
       information            N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------- 
 e)   Date of the            23 August 2019 
       transaction 
     ---------------------  ------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                   Neil Catto 
     ---------------------  ------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------ 
 a)   Position/status        CFO 
     ---------------------  ------------------------------- 
 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            Ordinary shares of 1p 
       of the financial 
       instrument,            ISIN: JE00BG6L7297 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------- 
 b)   Nature of the          Grant of free shares under 
       transaction            the Company's Share Incentive 
                              Plan 
     ---------------------  ------------------------------- 
 c)   Price(s) and             Price(s)       Volume(s) 
       volume(s)                GBP2.261187    884 
     ---------------------  ------------------------------- 
 d)   Aggregated 
       information            N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------- 
 e)   Date of the            23 August 2019 
       transaction 
     ---------------------  ------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ------------------------------- 
 
 
 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 1512 
  Finance) 
 John Goold/Benjamin Robertson (Corporate   Tel: +44 (0)20 3829 5000 
  Broking) 
 
 Jefferies Hoare Govett - Joint broker 
 Philip Noblet/Max Jones                    Tel: +44 (0)20 7029 8000 
 
 Buchanan - Financial PR adviser            boohoo@buchanan.uk.com 
 Richard Oldworth/ Sophie Wills/ Kim        Tel: +44 (0)20 7466 5000 
  van Beeck 
 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006 by Mahmud Kamani and Carol Kane, for over 10 years, boohoo group has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

boohoo is an inclusive and innovative brand targeting young, value-orientated customers. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions and a shift 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, and in March 2019 acquired the MissPap brand. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices.

In August 2019, the group announced the acquisition of the online businesses for renowned British fashion brands Karen Millen and Coast, further extending the group's reach and target market. As at 28 February 2019, the boohoo group had around 13 million active customer accounts across all its brands around the world.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHCKODDABKDKFB

(END) Dow Jones Newswires

August 27, 2019 12:16 ET (16:16 GMT)

Boohoo (LSE:BOO)
Historical Stock Chart
From Jun 2020 to Jul 2020 Click Here for more Boohoo Charts.
Boohoo (LSE:BOO)
Historical Stock Chart
From Jul 2019 to Jul 2020 Click Here for more Boohoo Charts.