Business
Issuance of Ordinary Shares
Issuance of Ordinary Shares.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n For Immediate Release\n \n \n \n \n \n \n 24 February 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n boohoo group plc\n \n \n \n (\"boohoo\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n \n \n \n \n Issuance of Ordinary Shares to all Non‐Executive Directors and Total Voting Rights\n \n \n \n \n \n \n boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has issued new ordinary\n shares of 1 pence each (\"New Ordinary Shares\") to its Non‐Executive Directors as part of their compensation package.\n \n \n \n \n \n A total of 99,824 New Ordinary Shares were issued at an effective price of 50.09 pence under the terms of their letter of appointment 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 financial year ending 28 February 2023 and are subject to lock in provisions for as long as the recipient remains a director of boohoo.\n \n \n \n \n \n The details of the issuance are set out below:\n \n \n \n \n \n \n \n \n \n Director\n \n \n \n \n Value of the share issuance\n \n \n \n \n Number of New Ordinary Shares Issued\n \n \n \n \n Number of Ordinary Shares held following the issuance\n \n \n \n \n Percentage of the enlarged Ordinary Share Capital (%)\n \n \n \n \n \n \n \n \n \n Brian Small\n \n \n \n \n £20,000\n \n \n \n \n 39,929\n \n \n \n \n 138,663\n \n \n \n \n 0.010\n \n \n \n \n \n \n Iain McDonald\n \n \n \n \n £10,000\n \n \n \n \n 19,965\n \n \n \n \n 751,928\n \n \n \n \n 0.059\n \n \n \n \n \n \n Tim Morris\n \n \n \n \n £10,000\n \n \n \n \n 19,965\n \n \n \n \n 46,262\n \n \n \n \n 0.003\n \n \n \n \n \n \n Kirsty Britz\n \n \n \n \n £10,000\n \n \n \n \n 19,965\n \n \n \n \n 30,592\n \n \n \n \n 0.002\n \n \n \n \n \n \n \n \n \n \n \n \n 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 2023.\n \n \n \n \n \n \n \n Total Voting Rights\n \n \n \n \n \n Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,268,433,263. The Compan...