Purchase of Shares by Employee Benefit Trust

RNS Number : 2571C

boohoo group plc

10 October 2022

 

For Immediate Release

10 October 2022

boohoo group plc

("boohoo" or the "Company" or the "Group")

Purchase of Shares by Employee Benefit Trust

boohoo (AIM: BOO), a leading online fashion retailer, announces that the Trustee of the Group's Employee Benefit Trust ("EBT") has purchased 6,023,299 ordinary shares of 1 pence each ("Shares") at an average net price of  36.99 pence per share.

These purchases are intended to satisfy future awards of shares under boohoo group plc's employee share plans and will be held by the Trustee in the Group's EBT.

Following this transaction, a total of 19,187,459 Ordinary Shares are held by the EBT, representing approximately 1.51 per cent of the Company's total voting rights.

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 / Kim Looringh-van Beeck / Toto Berger / Verity Parker 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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