Grant of Options, Directors' Dealings and TVR

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 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

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

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


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

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


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

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


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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Boohoo Group (BOO)
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