boohoo.com plc Non-Executive Directorate Change (0001I)

TIDMBOO

RNS Number : 0001I

boohoo.com plc

14 June 2017

This announcement contains inside information

 
 For Immediate Release   14 June 2017

boohoo.com plc

("boohoo" or the "Company")

Non-Executive Directorate Change

Boohoo, a leading online fashion retailer, announces that after almost 4 years with Boohoo.com, Stephen Morana has advised the Board of his intention to step down as a non-executive director of the Company with effect from 1 July 2017. Stephen currently chairs the Company's Audit Committee and David Forbes, Senior Independent Director and existing member of the Audit Committee will be appointed to this position from 1 July 2017.

The Company is pleased to announce that Iain McDonald is joining the Board as non-executive director with effect from 1 September 2017. Iain is currently non-executive Chairman of MySale Group plc, and a director of The Hut Group Limited and Houseology.com. Upon his appointment Iain will Chair the Remuneration Committee, to allow current Remuneration Committee Chair, David Forbes, to focus on Audit Committee matters. Iain holds 404,000 ordinary shares of GBP0.01 each in the Company, representing 0.04 per cent of the Company's issued share capital.

Peter Williams, non-executive Chairman, commented:

"On behalf of the Board, I would like to thank Stephen for his positive contribution to the Company and in particular for his stewardship of the Audit Committee. His financial experience and market insight has been invaluable during this transformational period in the Company's development.

"I am delighted to welcome Iain to the Company. Iain's insight in the ecommerce world will be a great asset at this time in the group's growth. The Board very much look forward to working with him."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Iain McDonald (aged 46) holds or has held the following directorships or partnerships in the past five years:

 
 Current Directorships or Partnerships   Previous Directorships or Partnerships 
--------------------------------------  --------------------------------------- 
 MySale Group plc                        Belvedere Schools Limited 
--------------------------------------  --------------------------------------- 
 The Hut Group Limited                   Belerion Capital Limited (formerly 
                                          Iain McDonald Capital Limited) 
--------------------------------------  --------------------------------------- 
 CentralNIC Group PLC                    Belvedere Energy Investments 
                                          Limited 
--------------------------------------  --------------------------------------- 
 Fishing Republic plc                    Infusion 2002 Limited 
--------------------------------------  --------------------------------------- 
 Houseology Design Group Limited         Maison 7 Limited (trading as 
  (formerly Occa Design Group)            Atterley.com) 
--------------------------------------  --------------------------------------- 
 Anatwine Limited                        Belvedere Energy Investments 
                                          Limited 
--------------------------------------  ---------------------------------------

Iain McDonald was a Non-Executive Director of Maison Seven Limited (trading as Atterley.com) which was placed into administration on 5 January 2016 and moved into creditors' voluntary liquidation on 13 December 2016. Preferred creditors were paid in full and unsecured creditors are expected to receive a partial dividend. The liquidation process is ongoing.

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

Enquiries

 
 boohoo.com plc                               c/o Buchanan Tel: +44 (0)20 7466 5000 
  Neil Catto, Chief Financial Officer 
  Clara Melia, Investor Relations              Tel: +44 (0)161 233 2050 
                                               Tel: +44 (0)7748 171236 
 Buchanan - Financial PR adviser              Tel: +44 (0)20 7466 5000 
  Richard Oldworth                             boohoo@buchanan.uk.com 
  Madeleine Seacombe 
 
   Zeus Capital - Nominated adviser and         Tel: +44 (0)161 831 1512 
   joint broker 
   Nick Cowles/Andrew Jones (Corporate          Tel: +44 (0)20 3829 5000 
   Finance) 
   John Goold/Benjamin Robertson (Corporate 
   Broking) 
 Jefferies Hoare Govett - joint broker 
  Nick Adams                                    Tel: +44 (0)20 7029 8000 
  Max Jones

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 14, 2017 02:00 ET (06:00 GMT)

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