REG - boohoo group plc - Purchase of Shares by Employee Benefit Trust

BoohooAnnouncement

10/07/2020 07:00

RNS Number : 6488S
  
boohoo group plc
  
10 July 2020
  
 





For Immediate Release


10 July 2020




 


 




 


 




 
 
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")
 
Purchase of Shares by Employee Benefit Trust
boohoo group plc (AIM: BOO), a leading online fashion group, announces that the Trustee of the Group's Employee Benefit Trust ("EBT") has now completed the purchase of ordinary shares of 1 pence each ("Shares") in accordance with the Group's irrevocable instruction.  Details of the purchases made are as follows:




Date


Number of Shares acquired


Average net price per Share




08/07/2020


4,414,409


226.0787p




09/07/2020


5,500,000


285.6057p




Total


9,914,409


255.8422p




These purchases are intended to satisfy future awards of shares under boohoo group plc's employee share plans and these will be held by the Trustee in the Group's EBT.




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. Since 2006, 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, 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. 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 29 February 2020, the boohoo group had just under 14 million active customers across all its brands around the world.
 


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