boohoo group plc

Issuance of Ordinary Shares to NEDs & TVR

RNS Number : 1036Q
boohoo group plc
23 February 2021

For Immediate Release

23 February 2021




boohoo group plc

("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")


Issuance of Ordinary Shares to all Non‐Executive Directors and Total Voting Rights


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 Non‐Executive Directors as part of their compensation package.


A total of 14,276 New Ordinary Shares were issued at an effective price of 350.15 pence under the terms of their letter of appointment 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 financial year ending 28 February 2021 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:



Value of the share issuance

Number of New Ordinary Shares Issued

Number of Ordinary Shares held following the issuance

Percentage of the enlarged Ordinary Share Capital

Brian Small





Shaun McCabe





Pierre Cuilleret





Iain McDonald







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 2 March 2021.


Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be  1,261,290,755. 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.




boohoo group plc


Neil Catto, 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



Zeus Capital - Nominated adviser and joint broker


Nick Cowles/Andrew Jones (Corporate Finance)

Tel: +44 (0)161 831 1512

John Goold/Benjamin Robertson (Corporate Broking)

Tel: +44 (0)20 3829 5000



Jefferies - Joint broker


Philip Noblet/Max Jones

Tel: +44 (0)20 7029 8000



Buchanan - Financial PR adviser

[email protected]

Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Sophie Wills

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 brand targeting young, value-orientated customers. Since 2006, 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. 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. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at affordable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion e-commerce market for 16 to 40-year-olds with a global presence. As at 31 August 2020, the Group had just over 17 million active customers across all its brands around the world.


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 an online marketplace through a new capital light and low risk operating model that is complementary to the Group's highly successful direct-to-consumer multi-brand platform. In February 2021, the Group acquired the intellectual property assets of UK brands Burton, Dorothy Perkins and Wallis.



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