Issuance of Ordinary Shares to the Chairman & NEDs

RNS Number : 2107Q

boohoo.com plc

25 February 2016

 

For Immediate Release

25 February 2016

boohoo.com plc

("boohoo" or the "Company")

Issuance of Ordinary Shares

to the Chairman and Non-Executive Directors

boohoo, one of the UK's largest pure-play online, own brand fashion retailers, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Chairman and Non-executive Directors as part of their compensation package.

A total of 134,970 New Ordinary Shares were issued at an effective price of 40.75 pence under the terms of their service agreements which require compensation to be made partly in cash and partly in Ordinary Shares.  The New Ordinary Shares represent the share compensation due for the year ending February 2016 and are subject to lock in provisions for as long as the recipient remains a director of boohoo. The details of the issuance are set out below:

Director	Value of the Share Issuance on issue	Number of New Ordinary Shares Issued	Number of Ordinary Shares held following the issuance	Percentage of the Enlarged Ordinary Share Capital
Peter Williams	£25,000	61,350	461,350	0.04%
Mark Newton-Jones	£10,000	24,540	334,007	0.03%
Stephen Morana	£10,000	24,540	403,638	0.04%
David Forbes	£10,000	24,540	264,540	0.02%

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 2 March 2016.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,123,267,330. 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.

Enquiries

boohoo.com plc Mahmud Kamani, Joint Chief Executive Carol Kane, Joint Chief Executive Neil Catto, Chief Financial Officer	c/o Buchanan Tel: [phone]
Buchanan - Financial PR adviser Richard Oldworth Helen Chan Gabriella Clinkard Madeleine Seacombe	Tel: [phone] [e-mail]
Zeus Capital - Nominated adviser and joint broker Nick Cowles Andrew Jones John Goold	Tel: [phone] Tel: [phone]
Jefferies Hoare Govett - joint broker Nick Adams Max Jones	Tel: [phone]

About boohoo.com

"24/7 Global Fashion"

Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 pieces hitting the site every day and a new collection each week, boohoo.com never stops - it's 24/7 fashion at its best.

From the UK's best kept fashion secret to one of the fastest growing own brand, international e-tailers, boohoo.com has quickly evolved into a global fashion leader of its generation.  Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.

www.boohoo.com	www.boohoo.com/newz	fr.boohoo.com
www.boohoo.com/europe	www.boohoo.com/sweden	de.boohoo.com
www.boohoo.com/usa	www.boohoo.com/denmark	it.boohoo.com
www.boohoo.com/canada	www.boohoo.com/norway	nl.boohoo.com
www.boohoo.com/aus		es.boohoo.com

 

END

 

 

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