| For Immediate Release | 19 May 2022 |
boohoo group plc
("boohoo " or the "Company")
Grant of Options and Directors' Dealings
boohoo group plc (AIM: BOO), a leading online fashion group, announces that on 17 May 2022 options over a total of 786,408 ordinary shares of 1 pence each ("Shares") were granted pursuant to the Company's Deferred Bonus Plan ("DBP"), equating to 0.06% of the current issued share capital.
The grant comprises an option over 593,425 Shares to John Lyttle, CEO, and over 192,983 Shares to Neil Catto, Chief Financial Officer. The options granted have a vesting period of two years ending on 17 May 2024, with an exercise price of 79.67 pence per Share.
Following this grant John Lyttle's and Neil Catto's interests in Shares is as follows:
| Director | Shares held personally | Shares under option in LTIP | Shares held under SIP | Shares under option in SAYE | Shares under option in DBP | Total interest* | % of issued share capital* |
| John Lyttle | 188,172 | 0 | 4,994 | 8,297 | 593,425 | 794,888 | 0.06% |
| Neil Catto | 79,735 | 1,005,038 | 15,503 | 8,297 | 192,983 | 1,301,556 | 0.10% |
*John and Neil also have an interest in Shares through the Management Incentive Plan, as previously announced.
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 shares under option in the Company's DBP | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 17 May 2022 | ||||||
| f) | Place of the transaction | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Neil Catto | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Chief Financial Officer | ||||||
| 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 shares under option in the Company's DBP | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 17 May 2022 | ||||||
| f) | Place of the transaction | Off market transaction | ||||||
| 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 - 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 | |
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 28 February 2022, the boohoo group had 20 million active customers across all its brands around the world.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
