TIDMBOO

RNS Number : 3494R

boohoo group plc

28 February 2019

 
 For Immediate Release   28 February 2018 
 
 

boohoo group plc

("boohoo" or the "Company")

Issuance of Ordinary Shares to the Chairman and Non--Executive Directors

boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Chairman and Non--executive Directors as part of their compensation package.

A total of 31,223 New Ordinary Shares were issued at an effective price of 176.15 pence under the terms of their service agreements which require compensation to be made partly in cash and partly in Ordinary Shares. The New Ordinary Shares represent the share compensation due for the year ending February 2019 and are subject to lock in provisions for as long as the recipient remains a director of boohoo. The details of the issuance are set out below:

 
 Director            Value of      Number of        Number of       Percentage 
                      the share     New Ordinary     Ordinary        of the enlarged 
                      issuance      Shares Issued    Shares held     Ordinary 
                                                     following       Share Capital 
                                                     the issuance 
 Peter Williams      GBP25,000     14,192           506,154         0.044 
                    ------------  ---------------  --------------  ----------------- 
 Sara Murray         GBP10,000     5,677            17,921          0.002 
                    ------------  ---------------  --------------  ----------------- 
 Pierre Cuilleret    GBP10,000     5,677            111,096         0.010 
                    ------------  ---------------  --------------  ----------------- 
 Iain McDonald       GBP10,000     5,677            440,096         0.038 
                    ------------  ---------------  --------------  ----------------- 
 

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 5 March 2019.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,162,811,822. The Company does not hold any shares in treasury.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 
 Enquiries 
 boohoo group plc 
 Neil Catto, Chief Financial     Tel: +44 (0)161 233 
  Officer                         2050 
 Alistair Davies, Investor       Tel: +44 (0)161 233 
  Relations                       2050 
 Clara Melia, Investor           Tel: +44 (0)20 3289 
  Relations                       5520 
 
 Zeus Capital - Nominated 
  adviser and joint broker 
 Nick Cowles/Andrew Jones        Tel: +44 (0)161 831 
  (Corporate Finance)             1512 
 John Goold/Benjamin Robertson   Tel: +44 (0)20 3829 
  (Corporate Broking)             5000 
 
 Jefferies Hoare Govett 
  - Joint broker 
 Nick Adams/Max Jones            Tel: +44 (0)20 7029 
                                  8000 
 
 Buchanan - Financial PR         boohoo@buchanan.uk.com 
  adviser 
 Richard Oldworth/ Sophie        Tel: +44 (0)20 7466 
  Wills/ Maddie Seacombe/         5000 
 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, the group started life as boohoo.com, an inclusive and innovative brand targeting young, value-orientated customers. For over 12 years, 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. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. This investment proposition has helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 30-year-olds around the world. Today the boohoo group sells to over 11 million customer accounts across all its brands around the world.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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