Share Name Share Symbol Market Type Share ISIN Share Description LSE:BOO London Ordinary Share JE00BG6L7297 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.21% 234.75p 235.00p 235.50p 238.25p 233.25p 233.50p 9,080,591 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 294.6 30.9 2.2 107.2 2,694.88 plc Issuance of Ordinary Shares to the Chairman & NEDs

24/02/2017 3:54pm

UK Regulatory (RNS & others)


RNS Number : 8396X plc

24 February 2017

 For Immediate Release   24 February 2017 plc

("boohoo" or the "Company")

Issuance of Ordinary Shares to the Chairman and Non--Executive Directors

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 Chairman and Non--executive Directors as part of their compensation package.

A total of 37,539 New Ordinary Shares were issued at an effective price of 146.50 pence under the terms of their service agreements 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 year ending February 2017 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:

 Director          Value of      Number of        Number of       Percentage 
                    the share     New Ordinary     Ordinary        of the enlarged 
                    issuance      Shares Issued    Shares held     Ordinary 
                                                   following       Share Capital 
                                                   the issuance 
----------------  ------------  ---------------  --------------  ----------------- 
 Peter Williams    GBP25,000     17,064           478,414         0.04% 
----------------  ------------  ---------------  --------------  ----------------- 
 David Forbes      GBP10,000     6,825            271,365         0.02% 
----------------  ------------  ---------------  --------------  ----------------- 
 Sara Murray       GBP10,000     6,825            6,825           0.00% 
----------------  ------------  ---------------  --------------  ----------------- 
  Morana           GBP10,000     6,825            410,463         0.04% 
----------------  ------------  ---------------  --------------  ----------------- 

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 2 March 2017.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,123,304,869. The Company does not hold any shares in treasury.

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 their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries plc 
  Neil Catto, Chief Financial         Tel: +44 (0)161 233 2050 
  Officer                             Tel: +44 (0)7748 171236 
  Clara Melia, Investor Relations 
 Zeus Capital - Nominated 
  adviser and joint broker            Tel: +44 (0)161 831 1512 
  Nick Cowles/Andrew Jones            Tel: +44 (0)20 3829 5000 
  (Corporate Finance) 
  John Goold/Benjamin Robertson 
  (Corporate Broking) 
 Jefferies Hoare Govett -            Tel: +44 (0)20 7029 8000 
  Joint Broker 
  Nick Adams/Max Jones 
 Buchanan - Financial PR 
  adviser                             Tel: +44 (0)20 7466 5000 
  Richard Oldworth/Madeleine 
  Seacombe/Jane Glover 

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

February 24, 2017 10:54 ET (15:54 GMT)

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