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RNS Number : 4555B boohoo group plc 03 October 2022
3 October 2022
boohoo group plc
("boohoo" or the "Company" 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 today, 3 October 2022. The CSA takes the form of a nil
cost option over 3,073,778 ordinary shares of 1 pence each ("Shares") and is
granted as part of his compensation for the loss of benefits which lapsed on
leaving his previous employment.
The CSA shall vest according to the below vesting schedule provided that Shaun
remains employed as the Chief Financial Officer of the Company on each vesting
date.
· 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.
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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