THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU)
NO. 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC LAW OF
THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR").
23
December 2024
boohoo group
plc
("boohoo"
or the "Company")
Sale of London
office
boohoo group plc (AIM: BOO), a leading online
fashion group, announces that it has completed the
sale of its London office, located on Great Pulteney Street,
Soho.
The property has been sold for
£49.5m in cash to Global Holdings UK Limited, an independent
property fund. The action taken to dispose of this non-core and
non-strategic asset will further strengthen the company's balance
sheet.
Part of the proceeds will be used to
pay down, in full, the remainder of the term loan, which was due
for repayment in August 2025. This will leave the business with a
£125m revolving credit facility which is sufficient for its needs
going forward.
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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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Victoria Huxster, 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.