TIDMBOO
RNS Number : 8009P
boohoo group plc
19 February 2021
For Immediate Release 19 February 2021
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries
the "Group" or "the boohoo group")
2020 Share Incentive Plan
boohoo group plc (AIM: BOO) , a leading online fashion group,
announces that as part of the Company's commitment to encouraging
all employees to be shareholders in the business, a total of
3,136,280 Ordinary Shares of 1 pence each ('Ordinary Shares') have
been granted to employees.
A total of 3,220 employees were found eligible and applied for
the 2020 Share Incentive Plan ("2020 SIP") and have been granted
974 free Ordinary Shares each, representing approximately GBP3,600
at the purchase price. The free shares were awarded on 18 February
2021 and are subject to a 3 year forfeiture period.
John Lyttle and Neil Catto, both Directors of the Company, have
elected to participate in the 2020 SIP, and are included in the
total figures above, their individual awards pursuant to the 2020
SIP being 974 shares each.
Following this grant Neil Catto's and John Lyttle's interests in
shares in boohoo group plc are as follows:
Director Shares Shares Shares Shares Shares Total % of issued
held personally under held under under under option interest share capital
option SIP option in CSA
in LTIP in SAYE
Neil
Catto 79,735 1,005,038 12,367 8,297 0 1,105,437 0.09%
----------------- ---------- ------------ --------- ------------- ---------- ---------------
John
Lyttle 0 0 1,858 8,297 357,446 367,601 0.03%
----------------- ---------- ------------ --------- ------------- ---------- ---------------
In addition to the above interests both Neil and John have
potential interests arising out of their membership of the
Management Incentive Plan (as previously announced).
Following these grants the Company has a total of 51,598,909
Shares under option representing approximately 4.091% of the issued
ordinary share capital of the Company. This calculation excludes
any potential dilution resulting from the settlement of awards
under the Management Incentive Plan.
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 John Lyttle
--------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------
a) Position/status 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 Grant of free shares under
the transaction the Company's Share Incentive
Plan
--------------------- -------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP3.6955 974
--------------------- -------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 18 February 2021
transaction
--------------------- -------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--------------------- -------------------------------
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 Grant of free shares under
the transaction the Company's Share Incentive
Plan
--------------------- -------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP3.6955 974
--------------------- -------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -------------------------------
e) Date of the 18 February 2021
transaction
--------------------- -------------------------------
f) Place of London Stock Exchange, AIM
the 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 / Sophie Wills 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. Since
2006, 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, 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. United by a shared
customer value proposition, our brands design, source, market and
sell great quality clothes, shoes and accessories at affordable
prices. These investment propositions have helped us grow from a
single brand, into a major multi-brand online retailer, leading the
fashion e-commerce market for 16 to 40-year-olds with a global
presence. As at 31 August 2020, the Group had just over 17 million
active customers across all its brands around the world.
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 an online marketplace through a
new capital light and low risk operating model that is
complementary to the Group's highly successful direct-to-consumer
multi-brand platform. In February 2021, the Group acquired the
intellectual property assets of UK brands Burton, Dorothy Perkins
and Wallis.
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END
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