| For Immediate Release | 17 June 2022 |
|
|
|
boohoo group plc
("boohoo" or the "Group")
Result of Annual General Meeting
boohoo (AIM: BOO), a leading online fashion group, announces that all resolutions were passed on a poll at the Group's Annual General Meeting ("AGM") held today, 17 June 2022.
The Board notes that while Resolution 2, giving shareholders the opportunity to cast an advisory vote on the Directors Remuneration Report for the year ended 28 February 2022, and Resolution 3 the introduction of a new Long Term Incentive Plan (LTIP), were both approved, 33.47% of the votes cast were votes against Resolution 2 and 25.36% of the votes cast were votes against Resolution 3.
Over the coming months, the Board will reflect on the result of Resolution 2 and Resolution 3, and the Remuneration Committee looks forward to ongoing engagement with the Group's shareholders as it continues to shape the Group's future remuneration policy.
Results of the Meeting
|
| VOTES | % | VOTES | % | VOTES | VOTES WITHELD |
| 1 | 797,612,356 | 99.99 | 43,407 | 0.01 | 798,323,105 | 667,342 |
| 2 | 531,089,950 | 66.53 | 267,178,017 | 33.47 | 798,323,105 | 55,138 |
| 3 | 595,820,014 | 74.64 | 202,405,177 | 25.36 | 798,323,105 | 97,914 |
| 4 | 746,512,027 | 96.33 | 28,411,335 | 3.67 | 798,323,105 | 23,399,743 |
| 5 | 768,301,494 | 96.25 | 29,933,782 | 3.75 | 798,323,105 | 87,829 |
| 6 | 616,149,962 | 91.32 | 58,554,517 | 8.68 | 798,323,105 | 123,618,626 |
| 7 | 745,543,415 | 93.40 | 52,692,361 | 6.60 | 798,323,105 | 87,329 |
| 8 | 797,965,838 | 99.96 | 307,110 | 0.04 | 798,323,105 | 50,157 |
| 9 | 798,211,332 | 99.99 | 80,970 | 0.01 | 798,323,105 | 30,803 |
| 10 | 788,188,845 | 98.73 | 10,119,122 | 1.27 | 798,323,105 | 15,138 |
| 11 | 797,460,126 | 99.90 | 805,807 | 0.10 | 798,323,105 | 57,172 |
| 12 | 797,479,101 | 99.90 | 782,177 | 0.10 | 798,323,105 | 61,827 |
| 13 | 797,821,108 | 99.95 | 438,505 | 0.05 | 798,323,105 | 63,492 |
| 14 | 797,482,866 | 99.91 | 726,080 | 0.09 | 798,323,105 | 114,159 |
The full text of the resolutions is set out in the Notice of Meeting dated 17 May 2022 which is available at www.boohooplc.com.
| 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 / Verity Parker | 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 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.
