REG - boohoo group plc - Director’s Dealing
RNS Number : 5660Qboohoo group plc26 February 2021
For Immediate Release
26 February 2021
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")
Director's Dealing
boohoo group plc (AIM: BOO), a leading online fashion group, announces that Iain McDonald, Non-Executive Director, has purchased 100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 26 February 2021 at a price of 334.77 pence per ordinary share.
Following this transaction, Iain has an interest in 621,336 Ordinary Shares, representing approximately 0.049% of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain McDonald
2
Reason for the notification
a)
Position/status
Non-Executive Director
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
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
334.77p
100,000
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 February 2021
f)
Place of the transaction
London Stock Exchange, AIM
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 Finance)
Tel: +44 (0)161 831 1512
John Goold/Benjamin Robertson (Corporate Broking)
Tel: +44 (0)20 3829 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 Beeck / Toto Berger / Sophie Wills
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 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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