REG - boohoo group plc - Grant of Options and Director’s Dealing

BoohooAnnouncement

03/10/2022 07:00

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RNS Number : 4388B  boohoo group plc  03 October 2022

 
 
3 October 2022

 

 boohoo group plc

 

("boohoo" or the "Group")

 

Grant of Options and Director's Dealing

 

boohoo (AIM: BOO), a leading online fashion group, confirms that, further to
announcements made on 23 June 2022 and 27 September 2022, Shaun McCabe has
joined as Chief Financial Officer and shall be appointed as a director of the
Company, with effect from today, 3 October 2022.

 

boohoo further announces that it has granted a conditional share award (the
"CSA") to Shaun McCabe. The CSA takes the form of nil cost options over
3,073,778 ordinary shares ("Shares") of 1 pence each (valued
at £1,882,998, based on the closing price of the Company's shares on 22 June
2022) ("Awards"). The Awards are granted as part of his compensation for the
loss of benefits which lapsed on leaving his previous employment.

 

The Awards were granted at an exercise price of 1 pence per Share on 3
October 2022 and are subject to vesting periods of:

 

·    1,253,109 options to vest in May 2023;

·    1,575,812 options to vest in May 2024; and

·    244,857 options to vest in May 2025.

 

Vesting is dependent on Shaun remaining employed as the Chief Financial
Officer of the Company on each vesting date.

 

Following this grant, his interest in the Company's shares is as follows:

 

 Director      Shares held personally  Shares under option in LTIP  Shares held under SIP  Shares under option in SAYE   Shares under option in DBP   Shares under option in Conditional Award  Total interest  % of issued share capital
 Shaun McCabe  110,627                 0                            0                      0                                      0                    3,073,778                                3,184,405       0.25%

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

Further details are set out in the below notification, made in accordance with
the requirements of the UK Market Abuse Regulation.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Shaun McCabe
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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  Ordinary shares of 1p

      Identification code

                                                                   ISIN: JE00BG6L7297
 b)   Nature of the transaction                                    Grant of Conditional Share Option as part of the CSA
 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   NIL         3,073,778
 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      3 October 2022
 f)   Place of the transaction                                     Off market

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

3 October 2022

f)

Place of the transaction

Off market

 

 

-ends-

 

 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 Capital - Nominated adviser and joint broker
 Andrew Jones / James Edis                                                Tel: +44 (0)161 831 1512
 Benjamin Robertson                                                       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 / 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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