Director's Dealing - Management Incentive Plan
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For Immediate Release |
29 June 2020 |
boohoo group plc
("boohoo" or "the Group")
Director's Dealing - Management Incentive Plan
Further to the announcement made on 26 June 2020, the Management Incentive Plan (the "Plan") has now been implemented and participants in the Plan, including Mahmud Kamani, Carol Kane and Neil Catto have, on 26 June 2020, pursuant to the Plan, subscribed for B ordinary shares in boohoo holdings limited, an intermediary holding company of the Group.
The structure of the Plan and the proportions received by the Executive Directors are as set out in the announcement made by the Group on 26 June 2020.
Mahmud Kamani, Carol Kane and Neil Catto are related parties as defined by the AIM Rules for Companies ("the AIM Rules") given they are Directors of boohoo and the subscription of shares by each of them under the Plan is a related-party transaction for the purposes of Rule 13 of the AIM Rules. The independent directors (being the Non-Executive directors) consider, having consulted with Zeus Capital, the Group's Nominated Adviser, that the terms of the Plan are fair and reasonable in so far as the Group's shareholders are concerned.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Mahmud Kamani
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2
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Reason for the notification
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a)
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Position/status
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Group Executive Chairman |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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boohoo group plc |
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b)
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LEI
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213800SZF3KFCECWY243 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
B ordinary shares of £0.001 in boohoo holdings limited under the Plan |
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Identification code |
ISIN: JE00BG6L7297 |
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b)
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Nature of the transaction
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Subscription of shares as part of the Plan |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£195,000 |
1,950 B ordinary shares in boohoo holdings limited pursuant to the Plan |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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26 June2020 |
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f)
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Place of the transaction
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Off market |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Carol Kane
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2
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Reason for the notification
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a)
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Position/status
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Group Co-Founder and Executive Director |
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b)
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Initial notification /Amendment
|
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
boohoo group plc |
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b)
|
LEI
|
213800SZF3KFCECWY243 |
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|
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 |
B ordinary shares of £0.001 in boohoo holdings limited under the Plan |
|||
|
|
|
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Identification code |
ISIN: JE00BG6L7297 |
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|
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b)
|
Nature of the transaction
|
Subscription of shares as part of the Plan |
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c)
|
Price(s) and volume(s) |
|
|
|
|
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|
|
Price(s) |
Volume(s) |
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|
|
£195,000 |
1,950 B ordinary shares in boohoo holdings limited pursuant to the Plan |
|
|
|
|
|
|
|
|
|
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d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
|
- Price |
|
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|
|
||||
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e)
|
Date of the transaction
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26 June2020 |
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f)
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Place of the transaction
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Off market |
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|
1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
|
Name
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Neil Catto
|
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2
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Reason for the notification
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a)
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Position/status
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CFO |
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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 |
B ordinary shares of £0.001 in boohoo holdings limited under the Plan |
|||
|
|
|
||||
|
Identification code |
ISIN: JE00BG6L7297 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Subscription of shares as part of the Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
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|
|
|
£39,000 |
390 B ordinary shares in boohoo holdings limited pursuant to the Plan |
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d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
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e)
|
Date of the transaction
|
26 June2020 |
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f)
|
Place of the transaction
|
Off market |
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-ends-
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Enquiries |
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|
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 |
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Zeus Capital - Nominated adviser and joint broker |
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Nick Cowles/Andrew Jones (Corporate Finance) |
Tel: +44 (0)161 831 1512 |
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John Goold/Benjamin Robertson (Corporate Broking) |
Tel: +44 (0)20 3829 5000 |
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Jefferies - Joint broker |
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Philip Noblet/Max Jones |
Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser |
boohoo@buchanan.uk.com |
|
Richard Oldworth/ Kim Looringh-van Beeck/Toto Berger |
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 eCommerce market for 16 to 40-year-olds with a global presence. As at 29 February 2020, the Group had just under 14 million active customers across all its brands around the world.
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