boohoo group plc Directorate Changes (0459V)
April 03 2023 - 2:00AM
UK Regulatory
TIDMBOO
RNS Number : 0459V
boohoo group plc
03 April 2023
3 April 2023
boohoo group plc
("boohoo" or the "Group")
Directorate Changes
boohoo (AIM: BOO), a leading online fashion retailer, announces
the appointment of Alistair McGeorge to the Board as an Independent
Non-Executive Director, with effect from 31 March 2023. Alistair
succeeds Brian Small as the Group's Deputy Chairman and will act as
interim Chair of the Audit Committee until the search for an
additional Non-Executive Director to fulfil the role is complete.
Alistair is also a member of the Remuneration, Nomination, Risk and
ESG committees.
Alistair is currently the Non-Executive Chairman of East
Imperial plc and The Original Factory Shop, as well as Chair of The
Retail Trust, which provides support to retail employees. He has
worked within the retail industry over the last 30 years and has
been CEO and/or Chairman of multiple retail brands in the UK and
internationally. Alistair is a qualified Chartered Accountant.
In addition, with effect from 31 March 2023, Neil Catto stepped
down as Executive Director after nearly 12 years with the Group,
the majority of which was spent as Chief Financial Officer.
Mahmud Kamani, Group Executive Chairman, commented:
"Alistair has extensive board-level experience with some great
retail brands. We look forward to working with him and are
confident that he will help us deliver our ambition to be the
global fashion leader. Brian departs with my significant thanks for
his positive contribution over the last four years on the Board,
initially as Audit Chair and then as Deputy Chair from December
2019. Neil has been with the Group for 12 years and is held in the
highest regard for his substantial contribution. He has been
instrumental in building the Group from a one-brand-business and
into a multi-brand platform. I, on behalf of the wider Board,
management team and group, wish Neil and Brian the very best for
the future."
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Alistair Kenneth McGeorge (aged 63) holds or has held the
following directorships or partnerships in the past five years:
Current Directorships or Partnerships Previous Directorships or Partnerships
Retail Trust Top Gun Realisations 76 Limited
---------------------------------------
East Imperial plc Top Gun Realisations Limited
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OFS (DS) Holdings Limited New Look Limited
---------------------------------------
H. Littlewood (Scotland) Limited New Look Retailers Limited
---------------------------------------
Finesse Golf LLP Top Gun Realisations 73 plc
---------------------------------------
Top Gun Realisations 74 plc
---------------------------------------
Top Gun Realisations 90 Limited
---------------------------------------
Top Gun Realisations 203 plc
---------------------------------------
Top Gun Realisations 101 Limited
---------------------------------------
Top Gun Realisations 102 Limited
---------------------------------------
Ellestone Apparel LLP
---------------------------------------
He was a Director of Top Gun Realisations 73 plc and Top Gun
Realisations 74 plc when they entered creditors voluntary
liquidations in August 2019. Both companies were dissolved in
September 2020, with a shortfall to creditors of GBP184.6m and
GBP308.9m respectively. He was also a Director of Top Gun
Realisations Limited when it entered Administration in May 2019,
and was dissolved in September 2020 with GBP580m owed to creditors
via a guarantor arrangement.
Alistair was a Director of New Look Retailers Limited when it
entered into a CVA in March 2018. This was completed and terminated
in September 2020 with no payments to creditors. A second CVA,
which remains ongoing, was launched in September 2020, which was
within 12 months of Alistair's resignation as a Director.
Alistair holds no shares in boohoo.
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules for Companies.
Enquiries
boohoo group plc
Shaun McCabe, 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 - Nominated adviser and joint broker
Andrew Jones / James Edis / Dan Bate Tel: +44 (0)161 831 1512
Benjamin Robertson Tel: +44 (0)20 3829 5000
Jefferies - Joint broker
Ed Matthews Tel: +44 (0)20 7029 8000
Harry Le May Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Toto Berger / Verity Tel: +44 (0)20 7466 5000
Parker
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 31 August 2022, the
boohoo group had 19 million active customers across all its brands
around the world.
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