Boohoo Group PLC has announced the grant of options to employees as part of its Save As You Earn (SAYE) share scheme for 2023. The scheme is open to all employees, allowing them to participate in the future growth of the company through share option arrangements. Eligible employees were invited to subscribe for options over ordinary shares of 1 pence each in the company, with an exercise price of 25 pence, representing an 18.65% discount to the closing middle market price of the shares on October 3, 2023. These options have a contract start date of December 1, 2023, and are exercisable between December 1, 2026, and May 31, 2027. A total of 440 employees elected to participate, resulting in the issuance of 12,968,971 options over ordinary shares on October 3, 2023, equating to 1.02% of the current issued share capital.
As of October 26, 2023, the total number of ordinary shares and voting rights in the company is 1,268,438,263. No ordinary shares are held in treasury. This figure may be used by shareholders as the denominator for calculating their interest in the company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.