For Immediate Release |
27 August 2019 |
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boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")
2019 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 2,071,212 Ordinary Shares of 1 pence each ('Ordinary Shares') have been granted to employees.
A total of 2343 employees were found eligible and applied for the 2019 Share Incentive Plan ("2019 SIP") and have been granted 884 free Ordinary Shares each, representing approximately £2000 at the purchase price. The free shares were awarded on 23 August 2019 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 2019 SIP, and are included in the total figures above, their individual awards pursuant to the 2019 SIP being 884 shares each.
Following this grant Neil Catto's and John Lyttle's interests in shares in boohoo group plc are as follows (excluding any shares in boohoo holdings limited):
Director |
Shares held personally |
Shares under option in LTIP |
Shares under option |
Shares held under SIP |
Shares under option in SAYE |
Total interest |
% of issued share capital |
Neil Catto |
64,773 |
671,603 |
0 |
11,393 |
9,137 |
756,906 |
0.065% |
John Lyttle |
0 |
0 |
357,446 |
884 |
0 |
358,330 |
0.031% |
Following these grants the Company has a total of 35,180,533 Shares under option representing approximately 3.019% of the issued ordinary share capital of the Company.
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 /Amendment |
Initial notification |
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 of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p ISIN: JE00BG6L7297 |
b) |
Nature of the transaction |
Grant of free shares under the Company's Share Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.261187 |
884 |
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d) |
Aggregated information - Aggregated volume - Price |
N/A
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e) |
Date of the transaction |
23 August 2019 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
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 /Amendment |
Initial notification |
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 of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p ISIN: JE00BG6L7297 |
b) |
Nature of the transaction |
Grant of free shares under the Company's Share Incentive Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.261187 |
884 |
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d) |
Aggregated information - Aggregated volume - Price |
N/A
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e) |
Date of the transaction |
23 August 2019 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
Enquiries |
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boohoo group plc |
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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 |
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Zeus Capital - Nominated adviser and joint broker |
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Nick Cowles/Andrew Jones (Corporate Finance) |
Tel: +44 (0)161 831 1512 |
John Goold/Benjamin Robertson (Corporate Broking) |
Tel: +44 (0)20 3829 5000 |
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Jefferies Hoare Govett - Joint broker |
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Philip Noblet/Max Jones |
Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser |
[email protected] |
Richard Oldworth/ Sophie Wills/ Kim van Beeck |
Tel: +44 (0)20 7466 5000 |
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About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006 by Mahmud Kamani and Carol Kane, for over 10 years, boohoo group has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.
boohoo is an inclusive and innovative brand targeting young, value-orientated customers. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions and a shift 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, and in March 2019 acquired the MissPap brand. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices.
In August 2019, the group announced the acquisition of the online businesses for renowned British fashion brands Karen Millen and Coast, further extending the group's reach and target market. As at 28 February 2019, the boohoo group had around 13 million active customer accounts across all its brands around the world.
