REG - boohoo group plc - Issuance of Ordinary Shares to all NEDs and TVRs

BoohooAnnouncement

21/02/2022 15:45

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RNS Number : 3293C  boohoo group plc  21 February 2022

 For Immediate Release  21 February 2022

 

boohoo group plc

("boohoo" or the "Company")

 

Issuance of Ordinary Shares to all Non‐Executive Directors and Total Voting
Rights

 

boohoo group plc (AIM: BOO), a leading online fashion group, announces that it
has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to
its Non‐Executive Directors as part of their compensation package.

 

A total of 63,761 New Ordinary Shares were issued at an effective price of
94.10 pence under the terms of their letter of appointment which require
compensation to be made partly in cash and partly in Ordinary Shares. The New
Ordinary Shares represent the share compensation due for the financial year
ending 28 February 2022 and are subject to lock in provisions for as long as
the recipient remains a director of boohoo. The details of the issuance are
set out below:

 

 Director       Value of the share issuance  Number of New Ordinary Shares Issued  Number of Ordinary Shares held following the issuance  Percentage of the enlarged Ordinary Share Capital (%)
 Brian Small    £20,000                      21,253                                98,734                                                 0.0077
 Shaun McCabe   £10,000                      10,627                                110,627                                                0.0087
 Tim Morris     £10,000                      10,627                                26,297                                                 0.0021
 Iain McDonald  £10,000                      10,627                                731,963                                                0.0577
 Kirsty Britz   £10,000                      10,627                                10,627                                                 0.0008

 

 

Trading in the New Ordinary Shares, which will rank pari passu in all
respects with the existing Ordinary Shares, is expected to commence on or
around 23 February 2022.

 

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary
shares and voting rights in the Company will be 1,267,688,084. The Company
does not hold any shares in treasury.

 

The above figure may be used by shareholders in the Company 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 share capital
of the Company under the FCA's Disclosure and Transparency Rules.

 

 

 

 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
 Mark Mochalski, Investor Relations                                      Tel: +44 (0)20 3239 6289

 Zeus Capital - Nominated adviser and joint broker
 Nick Cowles / Andrew Jones                                              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 / Sophie Wills  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 2021, the boohoo group had 19 million active customers across all its
brands around the world

 

 

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