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Friday 23 February, 2018 plc

Share issue to Chairman and Non-Exec Directors

RNS Number : 8185F plc
23 February 2018

For Immediate Release

23 February 2018 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 35,224 New Ordinary Shares were issued at an effective price of 184.525 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 2018 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

Number of New Ordinary Shares Issued

Number of Ordinary Shares held following the issuance

Percentage of the enlarged Ordinary Share Capital

Peter Williams





David Forbes





Sara Murray





Pierre Cuilleret





Iain McDonald







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 1 March 2018.


Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,149,493,788. 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.





About plc


"Leading the fashion eCommerce market"


Founded in Manchester in 2006, the group started life as, an inclusive and innovative brand targeting young, value-orientated customers. For over 10 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally,  expanding its offering with range extensions into menswear and children's wear, through boohooMAN and boohooKIDS. 


In early 2017 the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing, and free-thinking brand Nasty Gal. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. This investment proposition has helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 30-year-olds around the world. Today the boohoo group sells to over 8 million customers in almost every country in the world. 


Enquiries plc

Neil Catto, Chief Financial Officer

Clara Melia, Investor Relations


Tel: +44 (0)161 233 2050

Tel: +44 (0)7748 171236


Zeus Capital - Nominated adviser and joint broker

Nick Cowles/Andrew Jones (Corporate Finance)

John Goold/Benjamin Robertson (Corporate Broking)


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


Buchanan - Financial PR adviser

Richard Oldworth/Madeleine Seacombe


Tel: +44 (0)20 7466 5000

[email protected]


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

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