boohoo group plc Notification of Major Interest in Shares

Date : 01/03/2020 @ 2:14PM
Source : UK Regulatory (RNS & others)
Stock : Boohoo Group Plc (BOO)
Quote : 182.75  0.35 (0.19%) @ 8:46AM
Boohoo share price Chart

boohoo group plc Notification of Major Interest in Shares

Boohoo (LSE:BOO)
Historical Stock Chart

3 Months : From Jan 2020 to Apr 2020

Click Here for more Boohoo Charts.

TIDMBOO

RNS Number : 7364Y

boohoo group plc

03 January 2020

 
 For Immediate Release   3 January 2020 
 

boohoo group plc

("boohoo" or "the group")

Notification of Major Interest in Shares

boohoo group plc (AIM: BOO), a leading online fashion group, has been notified of the following dealing in the Company's ordinary shares of 1 pence each ("Ordinary Shares") made on 18 December 2019 by Nurez Kamani. Nurez has gifted a total of 10 million Ordinary Shares (representing 0.86% per cent of the Company's issued share capital) for nil consideration to a trust established for the benefit of Nurez Kamani's adult children. The gifts were notified to the Company on 20 December 2019.

Immediately following the gifts on 18 December 2019, Nurez and the trust for the benefit of Nurez's adult children each had interests in 25,108,623 and 10,000,000 Ordinary Shares respectively, representing 2.15 per cent and 0.86 per cent of the Company's issued share capital respectively.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) 
 
 1a. Identity of the issuer or the                                         boohoo group plc 
  underlying issuer of existing shares 
  to which voting rights are attached: 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                        X 
                                                                                                    ----- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                          X 
                                                                                                    ----- 
 An acquisition or disposal of financial instruments 
                                                                                                    ----- 
 An event changing the breakdown of voting rights 
                                                                                                    ----- 
 Other (please specify): Please see section 11, additional information. 
                                                                                                    ----- 
 3. Details of person subject to the notification obligation 
 Name                                                         NUREZ KAMANI 
 City and country of registered office 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                             -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           18/12/2019 
  crossed or reached: 
                                                             -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               20/12/2019 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both      Total number 
                            rights attached      through financial     in % (8.A +      of voting rights 
                            to shares (total        instruments            8.B)            of issuer 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               2.15%               0                      2.15%           1,165,419,387 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              3.79%               0                      3.79%           1,162,811,822 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                               % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                   ---------------------------------------------------- 
                           Direct                    Indirect                      Direct                  Indirect 
                     (Art 9 of Directive        (Art 10 of Directive         (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)               2004/109/EC)            2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                  (DTR5.2.1)                                           (DTR5.2.1) 
                   ----------------------  ----------------------------  -------------------------  --------------------- 
 JE00BG6L7297       25,108,623                                            2.15% 
                   ----------------------  ----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. 
  A                                     25,108,623                                             2.15% 
                   ----------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration    Exercise/                        Number of voting                  % of voting rights 
  financial          date          Conversion Period                rights that may 
  instrument                                                        be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                   ------------  -------------------------------  --------------------------------  --------------------- 
 
 
 
                                  SUBTOTAL 8. B 1 
                                 -------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to Art. 
  13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration         Exercise/             Physical or            Number of             % of voting rights 
  financial     date               Conversion            cash                   voting rights 
  instrument                       Period                settlement 
              -----------------  --------------------  ---------------------  -------------------- 
 
 
 
                                                        SUBTOTAL 8.B.2 
                                                       ---------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification obligation 
  (please mark the applicable box with an "X") 
 Person subject to the notification obligation is not controlled                          X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights 
  and/or the financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity (please 
  add additional rows as necessary) 
       Name           % of voting rights      % of voting rights        Total of both if 
                        if it equals or        through financial      it equals or is higher 
                       is higher than the      instruments if it       than the notifiable 
                      notifiable threshold    equals or is higher           threshold 
                                              than the notifiable 
                                                   threshold 
                    ----------------------  ---------------------  -------------------------- 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                            ------------------------------------------------- 
 The number and % of voting rights 
  held 
                                            ------------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                            ------------------------------------------------- 
 
 11. Additional information 
 
 
 
 
 Place of completion   LONDON, UK 
 Date of completion    3 January 2020 
                      --------------- 
 
 
 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 Finance)   Tel: +44 (0)161 831 
                                                 1512 
 John Goold/Benjamin Robertson (Corporate       Tel: +44 (0)20 3829 
  Broking)                                       5000 
 
 Jefferies - 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 
  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 rns@lseg.com or visit www.rns.com.

END

HOLMZGGMDFMGGZM

(END) Dow Jones Newswires

January 03, 2020 09:14 ET (14:14 GMT)

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200403 08:01:29