Business
Issue of Senior Management Options
Issue of Senior Management Options.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \nRNS Number : 5767L boohoo.com plc 07 July 2014 \n \n\n\n\n\n\nFor Immediate Release \n\n\n07 July 2014\n\n\n\n\n \nboohoo.com plc\n(\"boohoo\" or the \"Company\")\n \nIssue of Senior Management Options\n \nboohoo, one of the UK's largest pure-play online, own brand fashion retailers, announces that options over a total of 988,000 Ordinary Shares of 1 pence each were granted on 4 July 2014 to employees pursuant to the Company's Employee Share Option Plan ('ESOP'). Following these grants the Company has a total of 14,608,000 Ordinary Shares under option representing approximately 1.30% of the issued ordinary share capital of the Company.\nThe options granted have a vesting period of three years, a total exercise period of ten years, an exercise price of 50 pence per Ordinary Share (the \"Placing Price\") and are subject to the achievement of EBITDA linked performance criteria.\nThese options have been granted to newly appointed, non- board staff members and fall within the 1 per cent. of the Company's share capital, reserved to be granted at the Placing Price, to key appointments within six months of Admission, as disclosed in the Company's AIM Admission Document dated 5 March 2014.\n \nEnquiries:\n \n\n\n\n\nboohoo.com plc\nMahmud Kamani, Joint Chief Executive\nCarol Kane, Joint Chief Executive\nNeil Catto, Chief Financial Officer\n \n\n\nc/o Buchanan +44 (0)20 7466 5000\n\n\n\n\nBuchanan - Financial PR adviser\nRichard Oldworth\nHelen Chan\nGabriella Clinkard\n \n\n\n+44 (0)20 7466 5000\[email protected]\n\n\n\n\nZeus Capital - Nominated adviser and broker\nCorporate Finance\nNick Cowles\nAndrew Jones\n \nInstitutional Sales\nJohn Goold\nDom King\n \n\n\nTel: +44 (0)161 831 1512\nTel: +44 (0)20 7533 7727\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IOEUGUCUMUPCPUQ\n ","length":3532,"tagName":"div"}]