REG - boohoo group plc - Grant of Options, Directors' Dealings and TVR
20/05/2024 18:00
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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 2024 pursuant 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 of 1 pence each
("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 of 5,801,103 Shares were 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 1(st) 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 0 0 163,585,512 12.89
Carol Kane 20,000,000 4,058,557 0 0 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 Ordinary shares of 1p
Identification code
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 N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
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 Ordinary shares of 1p
Identification code
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 N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
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 Ordinary shares of 1p
Identification code
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 N/A
- Aggregated volume
- Price
e) Date of the transaction 17 May 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
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.
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