SAYE Share Scheme 2022 and Director Dealing

RNS Number : 5998F

boohoo group plc

08 November 2022

 

For Immediate Release

8 November 2022

boohoo group plc

("boohoo" or the "Company")

SAYE Share Scheme 2022 and Director Dealing

boohoo (AIM: BOO) announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2022. The scheme is open to all employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") with an exercise price of 30 pence, representing a 17.16% discount to the closing middle market price of the Ordinary Shares on 7 October 2022. These options have a contract start date of 1 December 2022 and are exercisable between 1 December 2025 and 31 May 2026.

A total of 1,166 employees elected to participate and, pursuant to these elections, a total of 32,160,360 options over Ordinary Shares were issued on 7 November 2022 equating to 2.54% of the current issued share capital.

John Lyttle, Chief Executive Officer, Shaun McCabe, Chief Financial Officer and Neil Catto, Director, are participants in the Company's SAYE scheme and are included in the total figures above. Their individual option grants pursuant to this year's SAYE scheme are 60,000 shares each.

As a result of these option grants, John, Shaun and Neil's interest in Ordinary Shares is as follows:

Director	Shares held personally	Shares held under LTIP	Shares held under SIP	Shares under option in SAYE	Shares under option in DBP	Shares under option in Conditional Award	Total interest	% of issued share capital
John Lyttle	188,172	2,375,568	4,994	68,297	593,425	0	3,230,456	0.25%
Shaun McCabe	110,627	0	0	60,000	0	3,073,778	3,244,405	0.26%
Neil Catto	79,735	1,790,776	15,503	68,297	192,983	0	2,147,297	0.17%

* Neil Catto also has an interest in Shares through the Management Incentive Plan and John Lyttle 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	John Lyttle
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 SAYE options
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 60,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	7 November 2022
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun McCabe
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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 SAYE options
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 60,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	7 November 2022
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	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 SAYE options
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 60,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	7 November 2022
f)	Place of the transaction	Off market

-ends- Enquiries boohoo group plc Shaun McCabe, Chief Financial Officer Tel: [phone] Alistair Davies, Investor Relations Tel: [phone] Clara Melia, Investor Relations Tel: [phone] Mark Mochalski, Investor Relations Tel: [phone] Zeus Capital - Nominated adviser and joint broker Andrew Jones / James Edis Tel: [phone] Benjamin Robertson Tel: [phone] Jefferies - Joint broker Philip Noblet / Max Jones Tel: [phone] Buchanan - Financial PR adviser [e-mail] Richard Oldworth / Toto Berger / Sophie Wills Tel: [phone] About boohoo group plc "Leading the fashion eCommerce market" Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. In 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. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2022, the boohoo group had 19 million active customers across all its brands around the world.

 

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