REG - boohoo group plc - Grant of Options, Directors’ Dealings and TVRs
19/05/2023 13:30
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230519:nRSS0674Aa&default-theme=true
RNS Number : 0674A boohoo group plc 19 May 2023
FOR IMMEDIATE
RELEASE
19 May 2023
boohoo group plc
("boohoo" or "the Company" or "the Group")
Grant of Options, Directors' Dealings and Total Voting Rights
boohoo group plc (AIM: BOO), a leading online fashion group, announces that it
has granted a total of 6,500,420 options on 17 May 2023 pursuant to the
Company's Discretionary Share Award Plan ("DSAP") and Deferred Bonus Plan
("DBP").
DSAP Awards
Nil cost options over a total of 5,047,500 Ordinary Shares of 1 pence each
("Shares") were granted to 222 employees pursuant to the Company's
Discretionary Share Award Plan, equating to 0.40% of the current issued share
capital. The options vest in two tranches on 17th November 2023 and 17th May
2024 subject to continued employment on the vesting date.
DBP Awards
Nil cost options over a total of 1,452,920 Shares were granted to Mahmud
Kamani, Carol Kane, John Lyttle and Shaun McCabe in satisfaction of their
annual bonus entitlement for the year ended 28 February 2023, as detailed in
the table below, equating to 0.11% of the current issued share capital. The
options vest on the 2(nd) anniversary of the grant date on 17 May 2025 subject
to continued employment on the vesting date.
Name Share Award
John Lyttle 528,387
Carol Kane 386,626
Mahmud Kamani 386,626
Shaun McCabe 151,281
Following this grant, the directors' interest in Shares is as follows*:
Director Shares held personally Shares under option Shares held under SIP Shares under option in SAYE Total interest* % of issued share capital*
Mahmud Kamani 157,979,880 1,738,230 0 0 159,718,110 12.59
Carol Kane 20,000,000 1,738,230 0 0 21,738,320 1.17
John Lyttle 188,172 2,968,993 4,994 60,000 3,222,159 0.25%
Shaun McCabe 110,627 3,073,778 0 60,000 3,244,405 0.26%
* Carol Kane, John Lyttle and Shaun McCabe also have an interest in Shares
through the Growth Share Plan as previously announced.
Total Voting Rights
As at 18 May 2023 the total number of ordinary shares of 1p each ("Ordinary
Shares") and voting rights in the Company is 1,268,444,763. No Ordinary
Shares are held in treasury. This figure for total number of Ordinary Shares
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial Conduct
Authority's Disclosure Rules and Transparency Rules.
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 Mahmud Kamani
2 Reason for the notification
a) Position/status Group Executive Chairman
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 shares under option in the Company's DBP
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 386,626
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carol Kane
2 Reason for the notification
a) Position/status Group 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 Ordinary shares of 1p
Identification code
ISIN: JE00BG6L7297
b) Nature of the transaction Grant of shares under option in the Company's DBP
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 386,626
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Lyttle
2 Reason for the notification
a) Position/status Group 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 Ordinary shares of 1p
Identification code
ISIN: JE00BG6L7297
b) Nature of the transaction Grant of shares under option in the Company's DBP
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 528,387
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2023
f)
Place of the transaction
Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Shaun McCabe
2 Reason for the notification
a) Position/status Group 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 Ordinary shares of 1p
Identification code
ISIN: JE00BG6L7297
b) Nature of the transaction Grant of shares under option in the Company's DBP
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 151,281
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2023
f)
Place of the transaction
Outside of a trading venue
-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 - 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 28
February 2023, the boohoo group had 18 million active customers across all its
brands around the world.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHNKCBDBBKDNPDRecent news on Boohoo
See all newsREG - boohoo group plc - Notice of Results
AnnouncementREG - boohoo group plc - Conclusion of CMA Investigation
AnnouncementREG - boohoo group plc - Confirmation of CFO start date
AnnouncementREG - boohoo group plc - Issuance of Ordinary Shares to all NEDs and TVR
AnnouncementREG - boohoo group plc Frasers Group PLC - Notification of Major Holdings
Announcement