| For Immediate Release | 13 January 2022 |
| | |
boohoo group plc
("boohoo" or the "Group" )
2021 Share Incentive Plan
boohoo group plc (AIM: BOO), a leading online fashion group, announces that as part of the Company's commitment to encouraging all employees to be shareholders in the business, a total of 15,441,664 Ordinary Shares of 1 pence each ('Ordinary Shares') have been granted to employees.
A total of 4,924 employees were found eligible and applied for the 2021 Share Incentive Plan ("2021 SIP") and have been granted 3,136 free Ordinary Shares each, representing approximately £3,600 at the purchase price of £[1.15] per Ordinary Share. The free shares were awarded on 12 January 2022 and are subject to a 3 year forfeiture period.
John Lyttle and Neil Catto, both Directors of the Company, have elected to participate in the 2021 SIP, and are included in the total figures above, with their individual awards pursuant to the 2021 SIP being 3,136 shares each.
Following this grant Neil Catto's and John Lyttle's interests in shares in boohoo group plc are as follows:
| Director | Shares held personally | Shares under option in LTIP | Shares held under SIP | Shares under option in SAYE | Total interest | % of issued share capital |
| Neil Catto | 79,735 | 1,005,038
| 15,503 | 8,297 | 1,108,573 | 0.09% |
| John Lyttle | 188,172 | 0 | 4,994 | 8,297 | 201,463 | 0.02% |
In addition to the above interests both Neil and John have potential interests arising out of their membership of the Management Incentive Plan (as previously announced).
Following these grants the Company has a total of 66,050,776 Shares under option representing approximately 5.21% of the issued ordinary share capital of the Company. This calculation excludes any potential dilution resulting from the settlement of awards under the Management Incentive Plan.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | John Lyttle | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | 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 free shares under the Company's Share Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 12 January 2022 | ||||||
| f) | Place of the transaction | Off Market | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Neil Catto | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | CFO | ||||||
| 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 free shares under the Company's Share Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 12 January 2022 | ||||||
| f) | Place of the transaction | Off Market | ||||||
| Enquiries | |
| boohoo group plc | |
| Neil Catto, Chief Financial Officer | Tel: +44 (0)161 233 2050 |
| Alistair Davies, Investor Relations | Tel: +44 (0)161 233 2050 |
| Clara Melia, Investor Relations | Tel: +44 (0)20 3289 5520 |
| Mark Mochalski, Investor Relations | Tel: +44 (0)20 3239 6289 |
| | |
| Zeus Capital - Nominated adviser and joint broker | |
| Nick Cowles / Andrew Jones | Tel: +44 (0)161 831 1512 |
| Benjamin Robertson | Tel: +44 (0)20 3829 5000 |
| | |
| Jefferies - Joint broker | |
| Philip Noblet / Max Jones | Tel: +44 (0)20 7029 8000 |
| | |
| Buchanan - Financial PR adviser | boohoo@buchanan.uk.com |
| Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Sophie Wills | Tel: +44 (0)20 7466 5000 |
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 2021, the boohoo group had 19 million active customers across all its brands around the world.
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