boohoo group plc Withdrawal of Resolution & Surrender of Options
28 Mayo 2024 - 8:04AM
RNS Regulatory News
RNS Number : 1285Q
boohoo group plc
28 May 2024
|
For Immediate Release
|
28 May
2024
|
boohoo group
plc
("boohoo"
or the "Company")
Withdrawal of AGM Resolution,
Surrender of Options and Directors' Dealings
boohoo group plc (AIM: BOO) announces that it has
decided to withdraw Resolution 3 from the agenda of the Annual
General Meeting (AGM) of
the Company's shareholders to be held at 10.00am on Thursday, 20
June 2024.
Resolution 3 proposed the adoption
of the boohoo Incentive Plan (the Incentive Plan). Since publication of
the Notice of AGM on 23 May 2024, the
Company has engaged with certain shareholders regarding Resolution
3 and has decided not to implement the Incentive Plan at this
time. The Company will consider further
engagement with shareholders on this matter in the
future.
The withdrawal of Resolution 3 does
not affect the validity of the Notice of AGM, the proxy form or any
proxy votes already submitted in respect of the remaining
resolutions to be proposed at the AGM. The numbering of all other
proposed resolutions at the AGM remains unchanged. Arrangements for
the AGM are unchanged from those previously notified.
The Executive Directors have also
opted to waive their entire bonus entitlement for the financial
year ended 29 February 2024. The Company
has published a restated disclosure of the Directors' single-figure
total remuneration for the year ended 29 February 2024
on the Company's
website https://www.boohooplc.com/investors/results-centre/year/2024.htm.
Following this 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
|
2,124,856
|
0
|
0
|
160,104,736
|
12.61
|
|
Carol Kane
|
20,000,000
|
2,124,856
|
0
|
0
|
22,124,856
|
1.74
|
|
John Lyttle
|
188,172
|
3,497,380
|
4,994
|
60,000
|
3,750,546
|
0.29%
|
* Carol Kane and John Lyttle also
have an interest in Shares through the Growth Share Plan as
previously announced.
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
Identification code
|
Ordinary shares of 1p
ISIN: JE00BG6L7297
|
|
b)
|
Nature of the transaction
|
Surrender of Options granted over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
28 May 2024
|
|
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
Identification code
|
Ordinary shares of 1p
ISIN: JE00BG6L7297
|
|
b)
|
Nature of the transaction
|
Surrender of Options granted over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
28 May 2024
|
|
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
Identification code
|
Ordinary shares of 1p
ISIN: JE00BG6L7297
|
|
b)
|
Nature of the transaction
|
Surrender of Options granted over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
1,933,701
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
28 May 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
Enquiries
|
|
|
boohoo group plc
|
|
|
|
|
|
Stephen Morana, Chief Financial
Officer
|
Tel: +44 (0)161 233 2050
|
|
Pete Templeton, Group Finance
Director
|
Tel: +44 (0)161 233 2050
|
|
Mike Cooper, Head of Investor
Relations
|
Tel: +44 (0)161 233 2050
|
|
|
|
|
|
|
|
|
|
|
Zeus Capital - Nominated adviser and
joint broker
|
|
|
Dan Bate / James Edis
|
Tel: +44 (0)161 831 1512
|
|
Benjamin Robertson
|
Tel: +44 (0)20 3829 5000
|
|
|
|
|
|
|
|
|
|
|
Jefferies - Joint broker
|
|
|
Ed Matthews / Harry Le
May
|
Tel: +44 (0)20 7029 8000
|
|
|
|
|
HSBC - Joint broker
|
|
|
Chloe Ponsonby / James
Hopton
|
Tel: +44 (0)20 7991 8888
|
|
Headland - Financial PR
adviser
|
|
|
Susanna Voyle / Will
Smith
|
Tel: +44 (0)20 3725 7514
|
|
|
|
About boohoo group plc
"Leading the fashion eCommerce
market"
Founded in Manchester in 2006,
boohoo group is a fashion forward, inclusive and innovative
business. The Group's brands are complementary, vibrant and
scalable, delivering inspirational, on-trend fashion to our
customers 24/7. The diversity of our brands, including the group's
5 core brands, boohoo, boohooMAN, PrettyLittleThing, Karen Millen
and Debenhams, enable us to serve a broad customer base, globally,
with a primary focus on the UK and US markets. Since its
acquisition in 2021, Debenhams has been transformed from a retailer
into a digital marketplace with a capital-light, low-risk operating
model and a focus on fashion, beauty as well as home. Boohoo group
is concentrated on driving sustainable, profitable growth with
technology and automation increasing efficiency across the
business.
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