3 October 2022
boohoo group plc
("boohoo" or the "Group")
Grant of Options and Director's Dealing
boohoo (AIM: BOO), a leading online fashion group, confirms that, further to announcements made on 23 June 2022 and 27 September 2022, Shaun McCabe has joined as Chief Financial Officer and shall be appointed as a director of the Company, with effect from today, 3 October 2022.
boohoo further announces that it has granted a conditional share award (the "CSA") to Shaun McCabe. The CSA takes the form of nil cost options over 3,073,778 ordinary shares ("Shares") of 1 pence each (valued at 1,882,998, based on the closing price of the Company's shares on 22 June 2022) ("Awards"). The Awards are granted as part of his compensation for the loss of benefits which lapsed on leaving his previous employment.
The Awards were granted at an exercise price of 1 pence per Share on 3 October 2022 and are subject to vesting periods of:
· 1,253,109 options to vest in May 2023;
· 1,575,812 options to vest in May 2024; and
· 244,857 options to vest in May 2025.
Vesting is dependent on Shaun remaining employed as the Chief Financial Officer of the Company on each vesting date.
Following this grant, his interest in the Company's shares is as follows:
|
Director |
Shares held personally |
Shares under option in LTIP |
Shares held under SIP |
Shares under option in SAYE |
Shares under option in DBP |
Shares under option in Conditional Award |
Total interest |
% of issued share capital |
|
Shaun McCabe |
110,627 |
0 |
0 |
0 |
0 |
3,073,778 |
3,184,405 |
0.25% |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Shaun McCabe |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Boohoo Group plc |
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b) |
LEI |
213800SZF3KFCECWY243 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p ISIN: JE00BG6L7297 |
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b) |
Nature of the transaction |
Grant of Conditional Share Option as part of the CSA |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
3 October 2022 |
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f) |
Place of the transaction |
Off market |
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-ends-
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Enquiries |
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boohoo group plc |
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Shaun McCabe, Chief Financial Officer |
Tel: +44 (0)161 233 2050 |
|
Alistair Davies, Investor Relations |
Tel: +44 (0)161 233 2050 |
|
Clara Melia, Investor Relations |
Tel: +44 (0)20 3289 5520 |
|
Mark Mochalski, Investor Relations |
Tel: +44 (0)20 3239 6289 |
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Zeus Capital - Nominated adviser and joint broker |
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Andrew Jones / James Edis |
Tel: +44 (0)161 831 1512 |
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Benjamin Robertson |
Tel: +44 (0)20 3829 5000 |
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Jefferies - Joint broker |
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Philip Noblet / Max Jones |
Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser |
boohoo@buchanan.uk.com |
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Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Verity Parker |
Tel: +44 (0)20 7466 5000 |
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.
In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2022, the boohoo group had 19 million active customers across all its brands around the world.