REG - boohoo group plc - Withdrawal of Resolution & Surrender of Options
28/05/2024 14:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240528:nRSb1285Qa&default-theme=true
RNS Number : 1285Q boohoo group plc 28 May 2024
For Immediate Release 28 May 2024
boohoo group plc
("boohoo" or the "Company")
Withdrawal of AGM Resolution, Surrender of Options and Directors' Dealings
boohoo group plc (AIM: BOO) announces that it has decided to withdraw
Resolution 3 from the agenda of the Annual General Meeting (AGM) of the
Company's shareholders to be held at 10.00am on Thursday, 20 June 2024.
Resolution 3 proposed the adoption of the boohoo Incentive Plan (the Incentive
Plan). Since publication of the Notice of AGM on 23 May 2024, the Company has
engaged with certain shareholders regarding Resolution 3 and has decided not
to implement the Incentive Plan at this time. The Company will consider
further engagement with shareholders on this matter in the future.
The withdrawal of Resolution 3 does not affect the validity of the Notice of
AGM, the proxy form or any proxy votes already submitted in respect of the
remaining resolutions to be proposed at the AGM. The numbering of all other
proposed resolutions at the AGM remains unchanged. Arrangements for the AGM
are unchanged from those previously notified.
The Executive Directors have also opted to waive their entire bonus
entitlement for the financial year ended 29 February 2024. The Company has
published a restated disclosure of the Directors' single-figure total
remuneration for the year ended 29 February 2024 on the Company's website
https://www.boohooplc.com/investors/results-centre/year/2024.htm
(https://www.boohooplc.com/investors/results-centre/year/2024.htm) .
Following this 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 2,124,856 0 0 160,104,736 12.61
Carol Kane 20,000,000 2,124,856 0 0 22,124,856 1.74
John Lyttle 188,172 3,497,380 4,994 60,000 3,750,546 0.29%
* Carol Kane and John Lyttle also have an interest in Shares through the
Growth Share Plan as previously announced.
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 Surrender of Options granted over Ordinary Shares
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 28 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
28 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 Surrender of Options granted over Ordinary Shares
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 28 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
28 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 Surrender of Options granted over Ordinary Shares
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 28 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
28 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
Mike Cooper, Head of Investor Relations Tel: +44 (0)161 233 2050
Zeus Capital - Nominated adviser and joint broker
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.
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. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHXVLFLZELBBBLRecent news on Boohoo
See all newsREG - boohoo group plc - Result of AGM
AnnouncementREG - boohoo group plc Frasers Group PLC - Holding(s) in Company
AnnouncementREG - boohoo group plc - Withdrawal of Resolution & Surrender of Options
AnnouncementREG - boohoo group plc - Posting of Annual Report and Notice of AGM
AnnouncementREG - boohoo group plc - Grant of Options, Directors' Dealings and TVR
Announcement