Information  X 
Enter a valid email address plc (BOO)

  Print      Mail a friend

Thursday 25 February, 2016 plc

Issuance of Ordinary Shares to the Chairman & NEDs

RNS Number : 2107Q plc
25 February 2016

For Immediate Release               

25 February 2016 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:



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





Mark Newton-Jones





Stephen Morana





David Forbes






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 plc

Mahmud Kamani, Joint Chief Executive

Carol Kane, Joint Chief Executive

Neil Catto, Chief Financial Officer


c/o Buchanan Tel: +44 (0)20 7466 5000





Buchanan - Financial PR adviser

Richard Oldworth

Helen Chan

Gabriella Clinkard

Madeleine Seacombe


Tel: +44 (0)20 7466 5000

[email protected]  

Zeus Capital - Nominated adviser and joint broker

Nick Cowles

Andrew Jones

John Goold



Tel: +44 (0)161 831 1512


Tel: +44 (0)20 3829 5000

Jefferies Hoare Govett - joint broker

Nick Adams

Max Jones



Tel: +44 (0)20 7029 8000






"24/7 Global Fashion"


Keeping one step ahead of the trends or making a subtle style change is easy with and with up to 100 pieces hitting the site every day and a new collection each week, 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, has quickly evolved into a global fashion leader of its generation.  Combining cutting-edge, aspirational design with an affordable price tag, has been pushing boundaries since 2006 to bring its customers all the latest looks for less.



This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t