TIDMBOO

RNS Number : 5610E

boohoo group plc

28 February 2020

 
 For Immediate Release   28 February 2020

Boohoo group plc

("boohoo" or the "Company")

Issuance of Ordinary Shares to the Deputy Chairman and Non--Executive Directors

and Director's Dealing

boohoo, one of the UK's largest pure--play online, own brand fashion retailers, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Deputy Chairman and Non--executive Directors as part of their compensation package.

A total of 16,925 New Ordinary Shares were issued at an effective price of 295.40 pence under the terms of their letter of appointment which require compensation to be made partly in cash and partly in Ordinary Shares. The New Ordinary Shares represent the share compensation due for the financial year ending 29 February 2020 and are subject to lock in provisions for as long as the recipient remains a director of boohoo. The details of the issuance are set out below:

 
 Director            Value of      Number of        Number of       Percentage 
                      the share     New Ordinary     Ordinary        of the enlarged 
                      issuance      Shares Issued    Shares held     Ordinary 
                                                     following       Share Capital 
                                                     the issuance 
 Brian Small         GBP20,000     6,770            46,770          0.004% 
                    ------------  ---------------  --------------  ----------------- 
 Sara Murray         GBP10,000     3,385            121,306         0.010% 
                    ------------  ---------------  --------------  ----------------- 
 Pierre Cuilleret    GBP10,000     3,385            214,481         0.018% 
                    ------------  ---------------  --------------  ----------------- 
 Iain McDonald       GBP10,000     3,385            468,481         0.040% 
                    ------------  ---------------  --------------  -----------------

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 1 March 2020.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,168,033,762. The Company does not hold any shares in treasury.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Director Dealing

Boohoo also announces that the following dealing in the Company's ordinary shares of 1 pence each ("Ordinary Shares") by Neil Catto, Chief Financial Officer. Neil gave an irrevocable instruction to Link Asset Services on 28 February 2020 to exercise an option over 9,137 Ordinary Shares in the company Save As You Earn (SAYE) scheme at an exercise price of 78.8 pence per Ordinary Share. Link Asset Services will conduct this transaction on 2 March 2020 which falls within the Company's forthcoming closed period. Neil will retain this shareholding as part of his commitment to hold shares as part of the Executive Director Shareholding requirement.

As part of this exercise, Neil's interest in Shares will be as follows:

 
 Director      Shares             Shares          Shares        Shares          Total interest   % of issued 
                held personally    under option    held under    under option                     share capital 
                                   in LTIP         SIP           in SAYE 
 Neil Catto    73,910             840,173         11,393        8,297           933,773          0.08% 
              -----------------  --------------  ------------  --------------  ---------------  ---------------

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        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          Exercise of share options 
       transaction            under Company's Save As You 
                              Earn Share Scheme 
     ---------------------  ----------------------------- 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                78.8 
                                 pence      9,137 
     ---------------------  ----------------------------- 
 d)   Aggregated 
       information            N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------- 
 e)   Date of the            2 March 2020 
       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 
  Finance)                                   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         Tel: +44 (0)20 7466 
  Beeck/Toto 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 has over 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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