Director's Dealing - Management Incentive Plan

RNS Number : 2950R

boohoo group plc

29 June 2020

 

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.

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	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)
			£195,000	1,950 B ordinary shares in boohoo holdings limited pursuant to the Plan
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	26 June2020
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Carol Kane
2	Reason for the notification
a)	Position/status	Group Co-Founder and 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	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)
			£195,000	1,950 B ordinary shares in boohoo holdings limited pursuant to the Plan
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	26 June2020
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Catto
2	Reason for the notification
a)	Position/status	CFO
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)
			£39,000	390 B ordinary shares in boohoo holdings limited pursuant to the Plan
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	26 June2020
f)	Place of the transaction	Off market

-ends-

Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer	Tel: [phone]
Alistair Davies, Investor Relations	Tel: [phone]
Clara Melia, Investor Relations	Tel: [phone]
Zeus Capital - Nominated adviser and joint broker
Nick Cowles/Andrew Jones (Corporate Finance)	Tel: [phone]
John Goold/Benjamin Robertson (Corporate Broking)	Tel: [phone]
Jefferies - Joint broker
Philip Noblet/Max Jones	Tel: [phone]
Buchanan - Financial PR adviser	[e-mail]
Richard Oldworth/ Kim Looringh-van Beeck/Toto Berger	Tel: [phone]

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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