REG - boohoo group plc - Directorate Changes

BoohooAnnouncement

03/04/2023 07:15

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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
 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
£184.6m and £308.9m 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 £580m 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 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.

 

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