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On 13 December 2022, Carol Kane, Group Co-Founder and Executive Director of boohoo group plc, transferred 13,330,421 ordinary shares of 1 pence each, representing approximately 1.05% of the issued share capital, to Mark White at a price of £0.01 per share to facilitate a divorce settlement. Following this transfer, Carol Kane retains 20,000,000 Ordinary Shares, which constitutes approximately 1.58% of boohoo group plc's issued share capital.
| Date | 13 Dec 2022 |
| Time | 17:00:01 |
| Category | Director/PDMR dealings |
| ID | 5783J |
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13 December 2022 |
boohoo group plc
("boohoo" or the "Group")
Director Shareholding
boohoo (AIM: BOO), a leading online fashion group, has been informed that Carol Kane, Group Co-Founder and Executive Director, has transferred 13,330,421 ordinary shares of 1 pence each in the Group ("Ordinary Shares"), representing approximately 1.05% of the issued share capital, to Mark White in order to facilitate the formally agreed settlement of divorce proceedings.
Following the transfer, Carol will retain 20,000,000 Ordinary Shares, representing approximately 1.58% of the Group's issued share capital.
Further details are set out in the below notifications, made in accordance with the requirements of the UK Market Abuse Regulation.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Carol Kane |
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2 |
Reason for the notification |
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a) |
Position/status |
Co-Founder and Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Boohoo Group plc |
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b) |
LEI |
213800SZF3KFCECWY243 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p
ISIN: JE00BG6L7297 |
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b) |
Nature of the transaction |
Disposal via a transfer of Ordinary Shares. |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
13 December 2022 |
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f) |
Place of the transaction |
Outside of a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mark White |
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2 |
Reason for the notification |
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a) |
Position/status |
Closely associated person of Carol Kane, Co-Founder and Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Boohoo Group plc |
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b) |
LEI |
213800SZF3KFCECWY243 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p
ISIN: JE00BG6L7297 |
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b) |
Nature of the transaction |
Acquisition via a transfer of Ordinary Shares. |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
13 December 2022 |
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f) |
Place of the transaction |
Outside of a trading venue |
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-ends-
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Enquiries |
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boohoo group plc |
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Shaun McCabe, Chief Financial Officer |
Tel: +44 (0)161 233 2050 |
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Alistair Davies, Investor Relations |
Tel: +44 (0)161 233 2050 |
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Clara Melia, Investor Relations |
Tel: +44 (0)20 3289 5520 |
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Mark Mochalski, Investor Relations |
Tel: +44 (0)20 3239 6289 |
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Zeus Capital - Nominated adviser and joint broker |
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Andrew Jones / James Edis / Dan Bate |
Tel: +44 (0)161 831 1512 |
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Benjamin Robertson |
Tel: +44 (0)20 3829 5000 |
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Jefferies - Joint broker |
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Philip Noblet / Max Jones |
Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser |
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Richard Oldworth / Toto Berger / Verity Parker |
Tel: +44 (0)20 7466 5000 |
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.