Grant of Options, Directors Dealings and TVRs

Released : 19 May 2023 13:16

RNS Number : 0674Aboohoo group plc19 May 2023

FOR IMMEDIATE RELEASE                                                                                                                     19 May 2023

boohoo group plc 

("boohoo" or "the Company" or "the Group")

Grant of Options, Directors' Dealings and Total Voting Rights

boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has granted a total of 6,500,420 options on 17 May 2023 pursuant to the Company's Discretionary Share Award Plan ("DSAP") and Deferred Bonus Plan ("DBP").

DSAP Awards

Nil cost options over a total of 5,047,500 Ordinary Shares of 1 pence each ("Shares") were granted to 222 employees pursuant to the Company's Discretionary Share Award Plan, equating to 0.40% of the current issued share capital. The options vest in two tranches on 17th November 2023 and 17th May 2024 subject to continued employment on the vesting date. 

DBP Awards

Nil cost options over a total of 1,452,920 Shares were granted to Mahmud Kamani, Carol Kane, John Lyttle and Shaun McCabe in satisfaction of their annual bonus entitlement for the year ended 28 February 2023, as detailed in the table below, equating to 0.11% of the current issued share capital. The options vest on the 2nd anniversary of the grant date on 17 May 2025 subject to continued employment on the vesting date. 

Name

Share Award

John Lyttle

528,387

Carol Kane

386,626

Mahmud Kamani

386,626

Shaun McCabe

151,281

Following this grant, 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

1,738,230

0

0

159,718,110

12.59

Carol Kane

20,000,000

1,738,230

0

0

21,738,320

1.17

John Lyttle

188,172

2,968,993

4,994

60,000

3,222,159

0.25%

Shaun McCabe

110,627

3,073,778

0

60,000

3,244,405

0.26%

* Carol Kane, John Lyttle and Shaun McCabe also have an interest in Shares through the Growth Share Plan as previously announced.

Total Voting Rights

As at 18 May 2023 the total number of ordinary shares of 1p each ("Ordinary Shares") and voting rights in the Company is 1,268,444,763.No Ordinary Shares are held in treasury. This figure for total number of Ordinary Shares may be used by shareholders 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 Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

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

Grant of shares under option in the Company's DBP

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

NIL

386,626



d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

17 May 2023

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

Grant of shares under option in the Company's DBP

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

NIL

386,626



d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

17 May 2023

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

Grant of shares under option in the Company's DBP

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

NIL

528,387



d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

17 May 2023

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaun McCabe

2

Reason for the notification

a)

Position/status

Group CFO

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

Grant of shares under option in the Company's DBP

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

NIL

151,281



d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

17 May 2023

f)

Place of the transaction

Outside of a trading venue

-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 - Nominated adviser and joint broker


Andrew Jones / James Edis / Dan Bate

Tel: +44 (0)161 831 1512

Benjamin Robertson

Tel: +44 (0)20 3829 5000





Jefferies - Joint broker


Ed Matthews

Tel: +44 (0)20 7029 8000

Harry Le May

Tel: +44 (0)20 7029 8000





Buchanan - Financial PR adviser

[email protected]

Richard Oldworth / Toto Berger / Verity Parker

Tel: +44 (0)20 7466 5000

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 28 February 2023, the boohoo group had 18 million active customers across all its brands around the world.

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