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boohoo group plc (BOO)

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Friday 13 December, 2019

boohoo group plc

Grant of Options

RNS Number : 8917W
boohoo group plc
13 December 2019
 

For Immediate Release

13 December 2019

 

boohoo group plc

("boohoo" or "the group")

Grant of Options

boohoo group plc (AIM: BOO), a leading online fashion group, announces that options over a total of 2,288,000 Ordinary Shares of 1 pence each ("Shares") were granted, at nominal value, on 11 December 2019 pursuant to the Company's Long Term Incentive Plan ('LTIP').

The grant comprises an option over 168,570 Shares to Neil Catto, Chief Financial Officer, and options over 2,119,430 Shares, in aggregate, to 23 senior managers.

Following this grant Neil's interest in Shares is as follows:

Director

Shares held personally

Shares under option in LTIP

Shares held under SIP

Shares under option in SAYE

Total interest

% of issued share capital

Neil Catto

64,773

840,173

11,393

17,434

933,773

0.08%

The LTIP options granted have a performance period of three years ending on 28 February 2022 and vesting is dependent on meeting challenging performance conditions.

The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 266.95 pence per Ordinary Share.

Following these grants the Company has a total of 41,317,000 Shares under option representing approximately 3.54% of the issued ordinary share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Catto

2

Reason for the notification

a)

Position/status

Chief Financial Officer

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 LTIP

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

266.95p

168,570

 

 

d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

11 December 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

Enquiries

 

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

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. For 13 years, 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 and in August 2019, the Karen Millen and Coast 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 unbeatable 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 around the world. As at 31 August 2019, the boohoo group had around 13 million active customers across all its brands around the world. 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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