boohoo group plc Grant of Options

Date : 12/13/2019 @ 4:42PM
Source : UK Regulatory (RNS & others)
Stock : Boohoo Group Plc (BOO)
Quote : 231.8  28.8 (14.19%) @ 3:04PM
Boohoo share price Chart

boohoo group plc Grant of Options


RNS Number : 8917W

boohoo group plc

13 December 2019

 For Immediate Release   13 December 2019 

boohoo group plc

("boohoo" or "the group")

Grant of Options

boohoo group plc (AIM: BOO), a leading online fashion group, announces that options over a total of 2,288,000 Ordinary Shares of 1 pence each ("Shares") were granted, at nominal value, on 11 December 2019 pursuant to the Company's Long Term Incentive Plan ('LTIP').

The grant comprises an option over 168,570 Shares to Neil Catto, Chief Financial Officer, and options over 2,119,430 Shares, in aggregate, to 23 senior managers.

Following this grant Neil's interest in Shares is as follows:

 Director      Shares held   Shares     Shares        Shares          Total interest   % of issued 
                personally    under      held under    under option                     share 
                              option     SIP           in SAYE                          capital 
                              in LTIP 
 Neil Catto    64,773        840,173    11,393        17,434          933,773          0.08% 
              ------------  ---------  ------------  --------------  ---------------  ------------ 

The LTIP options granted have a performance period of three years ending on 28 February 2022 and vesting is dependent on meeting challenging performance conditions.

The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 266.95 pence per Ordinary Share.

Following these grants the Company has a total of 41,317,000 Shares under option representing approximately 3.54% 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                       Neil Catto 
     -------------------------  ----------------------------- 
 2    Reason for the notification 
 a)   Position/status            Chief Financial Officer 
     -------------------------  ----------------------------- 
 b)   Initial notification       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             Ordinary shares of 1p 
       the financial              ISIN: JE00BG6L7297 
       instrument, type 
       of instrument 
     -------------------------  ----------------------------- 
 b)   Nature of the              Grant of shares under option 
       transaction                in the Company's LTIP 
     -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    266.95p    168,570 
     -------------------------  ----------------------------- 
 d)   Aggregated information 
       - Aggregated volume        N/A 
       - Price 
     -------------------------  ----------------------------- 
 e)   Date of the transaction    11 December 2019 
     -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
     -------------------------  ----------------------------- 
 boohoo group plc 
 Neil Catto, Chief Financial Officer            Tel: +44 (0)161 233 
 Alistair Davies, Investor Relations            Tel: +44 (0)161 233 
 Clara Melia, Investor Relations                Tel: +44 (0)20 3289 
 Zeus Capital - Nominated adviser and joint 
 Nick Cowles/Andrew Jones (Corporate Finance)   Tel: +44 (0)161 831 
 John Goold/Benjamin Robertson (Corporate       Tel: +44 (0)20 3829 
  Broking)                                       5000 
 Jefferies - Joint broker 
 Philip Noblet/Max Jones                        Tel: +44 (0)20 7029 
 Buchanan - Financial PR adviser       
 Richard Oldworth/Kim Looringh-van Beeck/Toto   Tel: +44 (0)20 7466 
  Berger                                         5000 

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 or visit



(END) Dow Jones Newswires

December 13, 2019 11:42 ET (16:42 GMT)

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