REG - boohoo group plc - Grant of Options
RNS Number : 8917Wboohoo group plc13 December 2019
For Immediate Release
13 December 2019
boohoo group plc
("boohoo" or "the group")
Grant of Options
boohoo group plc (AIM: BOO), a leading online fashion group, announces that options over a total of 2,288,000 Ordinary Shares of 1 pence each ("Shares") were granted, at nominal value, on 11 December 2019 pursuant to the Company's Long Term Incentive Plan ('LTIP').
The grant comprises an option over 168,570 Shares to Neil Catto, Chief Financial Officer, and options over 2,119,430 Shares, in aggregate, to 23 senior managers.
Following this grant Neil's interest in Shares is as follows:
Director
Shares held personally
Shares under option in LTIP
Shares held under SIP
Shares under option in SAYE
Total interest
% of issued share capital
Neil Catto
64,773
840,173
11,393
17,434
933,773
0.08%
The LTIP options granted have a performance period of three years ending on 28 February 2022 and vesting is dependent on meeting challenging performance conditions.
The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 266.95 pence per Ordinary Share.
Following these grants the Company has a total of 41,317,000 Shares under option representing approximately 3.54% of the issued ordinary share capital of the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Neil Catto
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
Identification code
Ordinary shares of 1p
ISIN: JE00BG6L7297
b)
Nature of the transaction
Grant of shares under option in the Company's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
266.95p
168,570
d)
Aggregated information
- Aggregated volume
- Price
N/Ae)
Date of the transaction
11 December 2019
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
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. For 13 years, 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 and in August 2019, the Karen Millen and Coast 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 unbeatable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 40-year-olds around the world. As at 31 August 2019, the boohoo group had around 13 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 or visit www.rns.com.ENDDSHFFSFMDFUSELE
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