boohoo group plc 2019 Share Incentive Plan (3199K)
August 27 2019 - 12:16PM
UK Regulatory
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.
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END
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