Business
Grant of Options, Directors’ Dealings and TVRs
Grant of Options, Directors’ Dealings and TVRs.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 19 May 2023\n \nboohoo group plc \n(\"boohoo\" or \"the Company\" or \"the Group\")\nGrant of Options, Directors' Dealings and Total Voting Rights\n \nboohoo group plc (AIM: BOO), a leading online fashion group, announces that it has granted a total of 6,500,420 options on 17 May 2023 pursuant to the Company's Discretionary Share Award Plan (\"DSAP\") and Deferred Bonus Plan (\"DBP\").\nDSAP Awards\nNil cost options over a total of 5,047,500 Ordinary Shares of 1 pence each (\"Shares\") were granted to 222 employees pursuant to the Company's Discretionary Share Award Plan, equating to 0.40% of the current issued share capital. The options vest in two tranches on 17th November 2023 and 17th May 2024 subject to continued employment on the vesting date. \nDBP Awards\nNil cost options over a total of 1,452,920 Shares were granted to Mahmud Kamani, Carol Kane, John Lyttle and Shaun McCabe in satisfaction of their annual bonus entitlement for the year ended 28 February 2023, as detailed in the table below, equating to 0.11% of the current issued share capital. The options vest on the 2nd anniversary of the grant date on 17 May 2025 subject to continued employment on the vesting date. \n \n\n\n\nName\n\n\nShare Award\n\n\n\n\nJohn Lyttle\n\n\n528,387\n\n\n\n\nCarol Kane\n\n\n386,626\n\n\n\n\nMahmud Kamani\n\n\n386,626\n\n\n\n\nShaun McCabe\n\n\n151,281\n\n\n\n \n \nFollowing this grant, the directors' interest in Shares is as follows*:\n\n\n\nDirector\n\n\nShares held personally\n\n\nShares under option\n\n\nShares held under SIP\n\n\nShares under option in SAYE\n\n\nTo...