TIDMBOO
RNS Number : 2846R
boohoo group plc
05 July 2022
FOR IMMEDIATE RELEASE 5 July 2022
boohoo group plc
("boohoo" or "the Company" or "the Group")
Grant of Options, Directors' Dealings and Total Voting
Rights
boohoo group plc (AIM: BOO), a leading online fashion group,
announces that it has granted a total of 28,753,210 options on 1
July 2022 pursuant to the Company's Discretionary Share Award Plan
('DSAP') and the Company's Long Term Incentive Plan ('LTIP')
DSAP Awards
Nil cost options over a total of 5,427,077 Ordinary Shares of 1
pence each ("Shares") were granted to 196 employees pursuant to
Company's Discretionary Share Award Plan, equating to 0.43% of the
current issued share capital. The options granted have a vesting
period of three years.
LTIP Awards
Options over a total of 23,326,133 Shares were granted to 48
senior managers pursuant to the Company's Long Term Incentive Plan
('LTIP'), equating to 1.84% of the current issued share capital.
The options were granted at an exercise price of 1 pence per Share
on 1 July 2022.
The options granted have a vesting period of three years ending
on 1 July 2025 and vesting is dependent on meeting challenging
performance conditions, including specific and measurable ESG and
TSR related targets. As a result, the performance conditions will
have the following weightings: TSR (40%), EPS (20%), revenue (20%),
and ESG (20%).
The grant includes options over an aggregate of 6,721,143 Shares
to Mahmud Kamani (Group Executive Chairman), Carol Kane (Group
Executive Director), John Lyttle (Chief Executive Officer) and Neil
Catto (Chief Financial Officer) as detailed in the table below and,
following this grant, their interest in Shares is as follows*:
Director Shares Shares Shares Shares Shares Total interest* % of
held personally under held under under option issued
option under option in DBP share
in LTIP SIP in SAYE capital*
Mahmud
Kamani 157,979,880 1,738,230 0 0 0 159,718,110 12.58%
----------------- ---------- ------- --------- -------------- ---------------- ----------
Carol
Kane 33,330,421 1,738,230 0 0 0 35,068,651 2.77%
----------------- ---------- ------- --------- -------------- ---------------- ----------
John Lyttle 188,172 2,375,568 4,994 8,297 593,425 3,170,456 0.25%
----------------- ---------- ------- --------- -------------- ---------------- ----------
Neil Catto 79,735 1,790,776 15,503 8,297 192,983 2,170,671 0.16%
----------------- ---------- ------- --------- -------------- ---------------- ----------
*Mahmud Kamani, Carol Kane and Neil Catto also have an interest
in Shares through the Management Incentive Plan and John Lyttle
through the Growth Share Plan, as previously announced.
Total Voting Rights
As at 4 July 2022 the total number of ordinary shares of 1p each
("Ordinary Shares") and voting rights in the Company is
1,267,840,355. No Ordinary Shares are held in treasury. This figure
for total number of Ordinary Shares may be used by shareholders 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 Company under the Financial Conduct
Authority's Disclosure Rules and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Further details are set out in the below notification, made in
accordance with the requirements of the UK Market Abuse
Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Mahmud Kamani
--------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------
a) Position/status Group Executive Chairman
--------------------- -----------------------------
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 shares under option
transaction in the Company's LTIP
--------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.01 1,738,230
----------
--------------------- -----------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -----------------------------
e) Date of the 1 July 2022
transaction
--------------------- -----------------------------
f) Place of the Outside of a trading venue
transaction
--------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Carol Kane
--------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------
a) Position/status Group Executive Director
--------------------- -----------------------------
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 shares under option
transaction in the Company's LTIP
--------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.01 1,738,230
----------
--------------------- -----------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -----------------------------
e) Date of the 1 July 2022
transaction
--------------------- -----------------------------
f) Place of the Outside of a trading venue
transaction
--------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name John Lyttle
--------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------
a) Position/status Group 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 shares under option
transaction in the Company's LTIP
--------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.01 2,375,568
----------
--------------------- -----------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -----------------------------
e) Date of the 1 July 2022
transaction
--------------------- -----------------------------
f) Place of the Outside of a trading venue
transaction
--------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Neil Catto
--------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------
a) Position/status Group 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 shares under option
transaction in the Company's LTIP
--------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.01 869,115
----------
--------------------- -----------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -----------------------------
e) Date of the 1 July 2022
transaction
--------------------- -----------------------------
f) Place of the Outside of a trading venue
transaction
--------------------- -----------------------------
-ends-
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
Mark Mochalski, Investor Relations Tel: +44 (0)20 3239 6289
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles / Andrew Jones Tel: +44 (0)161 831 1512
Benjamin Robertson Tel: +44 (0)20 3829 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 5000
Beeck / Toto Berger
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and
innovative global brand targeting young, value-orientated
customers, pushing boundaries to bring its customers up-to-date and
inspirational fashion, 24/7.
In 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, in August 2019 the Karen Millen and Coast brands
and in June 2020 the Warehouse and Oasis brands, all complementary
to the group's scalable, multi-brand platform. In January 2021, the
group acquired the intellectual property assets of Debenhams, with
the goal of transforming a leading UK fashion and beauty retailer
into a digital department store and marketplace through a new
capital-light and low-risk operating model. In February 2021, the
group acquired the intellectual property assets of UK brands
Dorothy Perkins, Wallis and Burton. As at 28 February 2022, the
boohoo group had 20 million active customers across all its brands
around the world.
Cautionary Statement
Certain statements included or incorporated by reference within
this announcement may constitute "forward-looking statements" in
respect of the group's operations, performance, prospects and/or
financial condition. Forward-looking statements are sometimes, but
not always, identified by their use of a date in the future or such
words and words of similar meaning as "anticipates", "aims", "due",
"could", "may", "will", "should", "expects", "believes", "intends",
"plans", "potential", "targets", "goal" or "estimates". By their
nature, forward-looking statements involve a number of risks,
uncertainties and assumptions and actual results or events may
differ materially from those expressed or implied by those
statements. Accordingly, no assurance can be given that any
particular expectation will be met and reliance should not be
placed on any forward-looking statement. Additionally,
forward-looking statements regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. No responsibility or
obligation is accepted to update or revise any forward-looking
statement resulting from new information, future events or
otherwise. Nothing in this announcement should be construed as a
profit forecast. This announcement does not constitute or form part
of any offer or invitation to sell, or any solicitation of any
offer to purchase any shares or other securities in the Company,
nor shall it or any part of it or the fact of its distribution form
the basis of, or be relied on in connection with, any contract or
commitment or investment decisions relating thereto, nor does it
constitute a recommendation regarding the shares or other
securities of the Company. Past performance cannot be relied upon
as a guide to future performance and persons needing advice should
consult an independent financial adviser. Statements in this
announcement reflect the knowledge and information available at the
time of its preparation. Liability arising from anything in this
announcement shall be governed by English law. Nothing in this
announcement shall exclude any liability under applicable laws that
cannot be excluded in accordance with such laws.
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END
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