Business
Result of General Meeting & Growth Plan Awards
Result of General Meeting & Growth Plan Awards.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n For Immediate Release\n \n \n \n \n 8 March 2023\n \n \n \n \n \n \n \n boohoo group plc\n \n \n \n (\"boohoo\n \" or the\n \"\n Company\n \"\n )\n \n \n \n Result of General Meeting, EBT Share Purchases,\n \n \n \n \n Related Party Transactions and PDMR Notifications\n \n \n \n \n \n \n \n \n Result of General Meeting\n \n \n \n \n \n Further to the announcement dated 16 February 2023 which set out the Remuneration Committee's intention to adopt a new Growth Plan subject to shareholder approval (the \"Growth Plan Announcement\"), the Company announces that the\n ordinary resolution (the \"Resolution\") to approve the\n Growth Plan was passed on a poll at the General Meeting held earlier today, 8 March 2023.\n \n \n \n \n \n Capitalised terms used but not defined in this announcement have the meanings given to them in the Growth Plan Announcement.\n \n \n \n \n \n The votes cast at the General Meeting, including those in respect of shareholders who appointed the Chair of the General Meeting as their proxy, were as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Votes for\n \n \n \n \n Votes against\n \n \n \n \n Votes withheld\n \n \n \n \n \n \n \n \n \n \n \n \n \n Number\n \n \n \n \n %\n \n \n \n \n Number\n \n \n \n \n %\n \n \n \n \n Number\n \n \n \n \n \n \n Ordinary Resolution:\n \n \n Adoption of the Growth Plan\n \n \n \n \n 513,125,462\n \n \n \n \n 62.61\n \n \n \n \n 306,495,031\n \n \n \n \n 37.39\n \n \n \n \n 88,969\n \n \n \n \n \n \n \n \n \n The Remuneration\n Committee will reflect on feedback gathered throughout the consultation process regarding the Growth Plan, and will continue to engage with shareholders with regard to the Group's remuneration policy to ensure that shareholder views are considered.\n \n \n \n \n \n \n \n \n EBT Share Purchases\n \n \n \n \n \n \n \n \n boohoo has irrevocably instructed the boohoo.com plc Employee Benefit Trust (the \"EBT\") to purchase up to £10 million ordinary shares of £0.01 each in the capital of the Company (\"boohoo Shares\") to satisfy awards under the Growth Plan, in line with the settlement mechanics set out in the Circular and Notice of General Meeting (the \"Circular\") that was made available to shareholders on 17 February 2023.\n \n \n \n \n \n \n Iain McDonald, Chairman o...