The information contained within
this announcement is deemed by the company to constitute inside
information stipulated under the Market Abuse Regulation (EU) No.
596/2014 as it forms part of the domestic law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018 (as amended)
("UK MAR"). Upon the publication of this announcement via the
Regulatory Information Service, this inside information is now
considered to be in the public domain.
24 October
2024
boohoo group
plc
("boohoo"
or the "Company")
Receipt of Requisition
Notices
boohoo Group plc (AIM: BOO), a leading online
fashion group, confirms that it has received
letters and accompanying notices dated 23 October 2024 from HSBC
Client Holdings Nominee (UK) Ltd. on behalf of Frasers Group plc
("Frasers"), seeking, as a holder of approximately 27% of the
voting rights of the Company, to requisition an extraordinary
general meeting of the Company pursuant to Article 89 of Companies
(Jersey) Law 1991 (the "Requisitions").
The Requisitions propose to appoint
Mike Ashley and Mike Lennon as directors of the Company and to
remove John Lyttle as a director of the Company. They also propose
to appoint Mike Ashley as Chief Executive Officer, should he be
appointed as a director.
The boohoo Board is in the process
of reviewing the content and validity of the Requisitions with its
advisers. A further announcement will be made in due
course.
In the meantime, shareholders are
urged to take no action.
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Enquiries
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boohoo group plc
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Stephen Morana, Chief Financial
Officer
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Tel: +44 (0)161 233 2050
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Mike Cooper, Head of Investor
Relations
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Tel: +44 (0)161 233 2050
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Zeus - Joint Financial Adviser,
Nominated adviser and Joint Broker
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Nick Cowles / Dan Bate / James Edis
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Tel: +44 (0)161 831 1512
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Benjamin Robertson
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Tel: +44 (0)20 3829 5000
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HSBC - Joint Financial Adviser and
Joint Broker
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Anthony Parsons / Alex Thomas /
Chloe Ponsonby / James Hopton
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Tel: +44 (0)20 7991 8888
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Headland -
Financial PR Adviser
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Susanna
Voyle / Will Smith
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Tel: +44
(0)20 3725 7514
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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..