Purchase of Shares by Employee Benefit Trust

Purchase of Shares by Employee Benefit Trust

Released : 04 Apr 2023 18:02

boohoo group plc

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

Purchase of Shares by Employee Benefit Trust

Further to the announcement on 8 March 2023, boohoo (AIM: BOO), announces that the Trustee of the Group's Employee Benefit Trust ("EBT") has purchased18,657,797 ordinary shares of 1 pence each ("Shares") at an average net price of 54.42 pence per share.

These purchases are intended to satisfy future awards of shares under the Growth Plan and will be held by the Trustee in the Group's EBT.

Following this transaction, a total of49,805,527 Ordinary Shares are held by the EBT, representing approximately 3.93 per cent of the Company's total voting rights.

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 31 August 2022, the boohoo group had 19 million active customers across all its brands around the world.