20/05/2024 5:54pm
RNS Regulatory News
RNS Number : 1759P boohoo group plc 20 May 2024 FOR IMMEDIATE RELEASE 20 May 2024 boohoo group plc ("boohoo" or "the Company" or "the Group") Grant of Options, Directors' Dealings and Total Voting Rights boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has granted a total of 15,560,103 awards on 17 May 2024pursuant to the Company's Discretionary Share Award Plan ("DSAP") and Deferred Bonus Plan ("DBP"). DSAP Awards Nil cost awards over a total of 9,759,000 Ordinary Shares of1 penceeach ("Shares") were granted to senior managers pursuant to the DSAP,equating to 0.76% of the current issued share capital. No executive directors participated in the DSAP Awards. The options vest in tranches of 3, 6, 8 and 14 months dependent on the level of seniority and subject to continued employment on the vesting date. DBP Awards Nil cost options over a total of5,801,103 Shareswere granted to Mahmud Kamani, Carol Kane, and John Lyttle in satisfaction of their annual bonus entitlement for the year ended 29 February 2024, as detailed in the table below,equating to 0.45% of the current issued share capital. The options vest on the 1st anniversary of the grant date on 17 May 2025 subject to continued employment on the vesting date. Name Share Award John Lyttle 1,933,701 Carol Kane 1,933,701 Mahmud Kamani 1,933,701 Following this grant, the directors' interest in Shares is as follows*: Director Shares held personally Shares under option Shares held under SIP Shares under option in SAYE Total interest* % of issued share capital* Mahmud Kamani 157,979,880 5,605,632 163,585,512 12.89 Carol Kane 20,000,000 4,058,557 24,058,557 1.89 John Lyttle 188,172 5,431,081 4,994 60,000 5,684,247 0.44% * Carol Kane and John Lyttle also have an interest in Shares through the Growth Share Plan as previously announced. Total Voting Rights Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,269,084,436. 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. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mahmud Kamani 2 Reason for the notification a) Position/status Group Executive Chairman 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 DBP c) Price(s) and volume(s) Price(s) Volume(s) NIL 1,933,701 d) Aggregated information - Aggregated volume - Price e) Date of the transaction 17 May 2024 f) Place of the transaction Outside of a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Carol Kane 2 Reason for the notification a) Position/status Group Executive Director 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 DBP c) Price(s) and volume(s) Price(s) Volume(s) NIL 1,933,701 d) Aggregated information - Aggregated volume - Price e) Date of the transaction 17 May 2024 f) Place of the transaction Outside of a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name John Lyttle 2 Reason for the notification a) Position/status Group CEO 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 DBP c) Price(s) and volume(s) Price(s) Volume(s) NIL 1,933,701 d) Aggregated information - Aggregated volume - Price e) Date of the transaction 17 May 2024 f) Place of the transaction Outside of a trading venue Enquiries boohoo group plc Stephen Morana, Chief Financial Officer Tel: +44 (0)161 233 2050 Pete Templeton, Group Finance Director Tel: +44 (0)161 233 2050 Michael Cooper, Investor Relations Tel: +44 (0)161 233 2050 Rebecca Jamieson, Investor Relations Zeus Capital - Nominated adviser and joint broker Andrew Jones / Dan Bate / James Edis Tel: +44 (0)161 831 1512 Benjamin Robertson Tel: +44 (0)20 3829 5000 Jefferies - Joint broker Ed Matthews / Harry Le May Tel: +44 (0)20 7029 8000 HSBC - Joint broker Chloe Ponsonby / James Hopton Tel: +44 (0)20 7991 8888 Headland - Financial PR adviser Susanna Voyle / Will Smith Tel: +44 (0)20 3725 7514 About boohoo group plc "Leading the fashion eCommerce market" Founded in Manchester in 2006, boohoo group is a fashion forward, inclusive and innovative business. The Group's brands are complementary, vibrant and scalable, delivering inspirational, on-trend fashion to our customers 24/7. The diversity of our brands, including the group's 5 core brands, boohoo, boohooMAN, PrettyLittleThing, Karen Millen and Debenhams, enable us to serve a broad customer base, globally, with a primary focus on the UK and US markets. Since its acquisition in 2021, Debenhams has been transformed from a retailer into a digital marketplace with a capital-light, low-risk operating model and a focus on fashion, beauty as well as home. Boohoo group is concentrated on driving sustainable, profitable growth with technology and automation increasing efficiency across the business. 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. 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