Business
Issuance of Ordinary Shares and Director's Dealing
Issuance of Ordinary Shares and Director's Dealing.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 5610E\n boohoo group plc\n 28 February 2020\n \n \n \n \n \n \n For Immediate Release\n \n \n 28 February 2020\n \n \n \n \n \n \n \n \n \n \n \n \n Boohoo group plc\n (\"boohoo\" or the \"Company\")\n \n Issuance of Ordinary Shares to the Deputy Chairman and Non‐Executive Directors\n and Director's Dealing\n \n boohoo, one of the UK's largest pure‐play online, own brand fashion retailers, announces that it has issued new ordinary shares of 1 pence each (\"New Ordinary Shares\") to its Deputy Chairman and Non‐executive Directors as part of their compensation package.\n \n A total of 16,925 New Ordinary Shares were issued at an effective price of 295.40 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 29 February 2020 and are subject to lock in provisions for as long as the recipient remains a director of boohoo. The details of the issuance are set out below:\n \n \n \n \n \n Director\n \n \n Value of the share issuance\n \n \n Number of New Ordinary Shares Issued\n \n \n Number of Ordinary Shares held following the issuance\n \n \n Percentage of the enlarged Ordinary Share Capital\n \n \n \n \n Brian Small\n \n \n £20,000\n \n \n 6,770\n \n \n 46,770\n \n \n 0.004%\n \n \n \n \n Sara Murray\n \n \n £10,000\n \n \n 3,385\n \n \n 121,306\n \n \n 0.010%\n \n \n \n \n Pierre Cuilleret\n \n \n £10,000\n \n \n 3,385\n \n \n 214,481\n \n \n 0.018%\n \n \n \n \n Iain McDonald\n \n \n £10,000\n \n \n 3,385\n \n \n 468,481\n \n \n 0.040%\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 2020.\n \n Total Voting Rights\n Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,168,033,762. The Company does not hold any shares in treasury.\n \n The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to t...