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 1^st 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: [phone]
Pete Templeton, Group Finance Director		Tel: [phone]
Michael Cooper, Investor Relations		Tel: [phone]
Rebecca Jamieson, Investor Relations
Zeus Capital - Nominated adviser and joint broker
Andrew Jones / Dan Bate / James Edis		Tel: [phone]
Benjamin Robertson		Tel: [phone]
Jefferies - Joint broker
Ed Matthews / Harry Le May		Tel: [phone]
HSBC - Joint broker
Chloe Ponsonby / James Hopton		Tel: [phone]
Headland - Financial PR adviser
Susanna Voyle / Will Smith		Tel: [phone]

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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