TIDMBOO

RNS Number : 8969R

boohoo group plc

01 November 2019

 
 For Immediate Release   1 November 2019 
 

boohoo group plc

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

SAYE Share Scheme 2019

boohoo group plc (AIM: BOO) announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2019. The scheme is open to all employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over Ordinary Shares with an exercise price of 216.92 pence, a 20% discount to the closing middle market price of the Ordinary Shares on 4 October 2019, the day before the invitation to participate was made. The options have a contract start date of 1 December 2019 and are exercisable between 1 December 2022 and 31 May 2023.

A total of 791 employees elected to participate, and pursuant to these elections a total of 2,017,468 options over Ordinary Shares were issued on 30 October 2019 equating to 0.18% of the current issued share capital.

John Lyttle, Chief Executive Officer and Neil Catto, Chief Financial Officer, are participants in the Company's SAYE scheme and are included in the total figures above. Their individual option grants pursuant to this year's SAYE scheme are 8,297 shares each.

As a result of these option grants, John and Neil's interest in Ordinary Shares is as follows:

 
 Director       Shares          Shares        Shares       Shares     Total       % of issued 
                 held            held under    held under   under      interest    share capital 
                 beneficially    option        SIP          option 
                                 schemes                    in SAYE 
 John Lyttle    -               357,446       884          8,297       366,627    0.031% 
               --------------  ------------  ------------  --------  ----------  --------------- 
 Neil Catto     64,773          671,603       11,393       17,434      765,203    0.066% 
               --------------  ------------  ------------  --------  ----------  --------------- 
 

Following these grants the Company has a total of 38,975,249 Shares under option representing approximately 3.343% 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 options under the 
       transaction            Company's Save As You Earn 
                              Plan 
     ---------------------  ---------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                GBP2.1692    8297 
     ---------------------  ---------------------------- 
 d)   Aggregated 
       information            N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------- 
 e)   Date of the            30 October 2019 
       transaction 
     ---------------------  ---------------------------- 
 f)   Place of the           Off market 
       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 options under the 
       transaction            Company's Save As You Earn 
                              Plan 
     ---------------------  ---------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                GBP2.1692    8297 
     ---------------------  ---------------------------- 
 d)   Aggregated 
       information            N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------- 
 e)   Date of the            30 October 2019 
       transaction 
     ---------------------  ---------------------------- 
 f)   Place of the           Off market 
       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/Kim Looringh-van Beeck/Toto   Tel: +44 (0)20 7466 5000 
  Berger 
 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative brand targeting young, value-orientated customers. For 13 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions 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. In March 2019 the group acquired the MissPap brand and in August 2019, the Karen Millen and Coast brands, all complementary to the group's scalable multi-brand platform. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 40-year-olds around the world. As at 31 August 2019, the boohoo group had around 13 million active customers 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

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