boohoo group plc Issuance of Ordinary Shares to NEDs & TVR (1036Q)
February 23 2021 - 12:57PM
UK Regulatory
TIDMBOO
RNS Number : 1036Q
boohoo group plc
23 February 2021
For Immediate Release 23 February 2021
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries
the "Group" or "the boohoo group")
Issuance of Ordinary Shares to all Non--Executive Directors and
Total Voting Rights
boohoo group plc (AIM: BOO), a leading online fashion group ,
announces that it has issued new ordinary shares of 1 pence each
("New Ordinary Shares") to its Non--Executive Directors as part of
their compensation package.
A total of 14,276 New Ordinary Shares were issued at an
effective price of 350.15 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 28
February 2021 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 5,711 62,381 0.005%
------------ --------------- -------------- -----------------
Shaun McCabe GBP10,000 2,855 102,855 0.008%
------------ --------------- -------------- -----------------
Pierre Cuilleret GBP10,000 2,855 217,336 0.017%
------------ --------------- -------------- -----------------
Iain McDonald GBP10,000 2,855 521,336 0.041%
------------ --------------- -------------- -----------------
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 2 March 2021.
Total Voting Rights
Following admission of the New Ordinary Shares, the total number
of ordinary shares and voting rights in the Company will be
1,261,290,755. 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.
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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