TIDMBOO

RNS Number : 4388B

boohoo group plc

03 October 2022

3 October 2022

boohoo group plc

("boohoo" 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. The CSA takes the form of nil cost options over 3,073,778 ordinary shares ("Shares") of 1 pence each (valued at GBP1,882,998, based on the closing price of the Company's shares on 22 June 2022) ("Awards"). The Awards are granted as part of his compensation for the loss of benefits which lapsed on leaving his previous employment.

The Awards were granted at an exercise price of 1 pence per Share on 3 October 2022 and are subject to vesting periods of:

   --    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.

Vesting is dependent on Shaun remaining employed as the Chief Financial Officer of the Company on each vesting date.

Following this grant, his interest in the Company's shares is as follows:

 
 Director    Shares             Shares     Shares   Shares     Shares     Shares            Total       % of 
              held personally    under      held     under      under      under             interest    issued 
                                 option     under    option     option     option                        share 
                                 in LTIP    SIP      in SAYE    in DBP     in Conditional                capital 
                                                                           Award 
 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    Initial notification 
       /Amendment 
     ----------------------  --------------------------- 
 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             Ordinary shares of 1p 
       of the financial 
       instrument,             ISIN: JE00BG6L7297 
       type of instrument 
       Identification 
       code 
     ----------------------  --------------------------- 
 b)   Nature of the           Grant of Conditional Share 
       transaction             Option as part of the CSA 
     ----------------------  --------------------------- 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                 NIL         3,073,778 
                                            ---------- 
     ----------------------  --------------------------- 
 d)   Aggregated 
       information             N/A 
       - Aggregated 
       volume 
       - Price 
     ----------------------  --------------------------- 
 e)   Date of the             3 October 2022 
       transaction 
     ----------------------  --------------------------- 
 f)   Place of the            Off market 
       transaction 
     ----------------------  ---------------------------

-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     Tel: +44 (0)20 7466 5000 
  Beeck / Toto Berger / Verity Parker

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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October 03, 2022 02:00 ET (06:00 GMT)

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