2021 Share Incentive Plan

RNS Number : 4062Y

boohoo group plc

13 January 2022

 

For Immediate Release	13 January 2022

boohoo group plc

("boohoo" or the "Group" )

2021 Share Incentive Plan

boohoo group plc (AIM: BOO) , a leading online fashion group, announces that as part of the Company's commitment to encouraging all employees to be shareholders in the business, a total of 15,441,664 Ordinary Shares of 1 pence each ('Ordinary Shares') have been granted to employees.

A total of 4,924  employees were found eligible and applied for the 2021 Share Incentive Plan ("2021 SIP") and have been granted 3,136 free Ordinary Shares each, representing approximately £3,600 at the purchase price of £[1.15] per Ordinary Share. The free shares were awarded on 12 January 2022 and are subject to a 3 year forfeiture period.

John Lyttle and Neil Catto, both Directors of the Company, have elected to participate in the 2021 SIP, and are included in the total figures above, with their individual awards pursuant to the 2021 SIP being 3,136 shares each.

Following this grant Neil Catto's and John Lyttle's interests in shares in boohoo group plc are as follows:

Director	Shares held personally	Shares under option in LTIP	Shares held under SIP	Shares under option in SAYE	Total interest	% of issued share capital
Neil Catto	79,735	1,005,038	15,503	8,297	1,108,573	0.09%
John Lyttle	188,172	0	4,994	8,297	201,463	0.02%

In addition to the above interests both Neil and John have potential interests arising out of their membership of the Management Incentive Plan (as previously announced). 

Following these grants the Company has a total of 66,050,776 Shares under option representing approximately 5.21% of the issued ordinary share capital of the Company. This calculation excludes any potential dilution resulting from the settlement of awards under the Management Incentive Plan.

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	John Lyttle
2	Reason for the notification
a)	Position/status	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 free shares under the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.14775 3,136
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 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	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 Identification code	Ordinary shares of 1p ISIN: JE00BG6L7297
b)	Nature of the transaction	Grant of free shares under the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.14775 3,136
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 2022
f)	Place of the transaction	Off Market

Enquiries
boohoo group plc
Neil Catto, 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
Nick Cowles / Andrew Jones	Tel: [phone]
Benjamin Robertson	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 / 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 2021, the boohoo group had 19 million active customers across all its brands around the world.

 

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