boohoo.com plc Issuance of Ordinary Shares to the Chairman & NEDs (8396X)

TIDMBOO

RNS Number : 8396X

boohoo.com plc

24 February 2017

 
 For Immediate Release   24 February 2017 
 

boohoo.com 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% 
----------------  ------------  ---------------  --------------  ----------------- 
 Stephen 
  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

 
 boohoo.com plc 
  Neil Catto, Chief Financial         Tel: [phone] 
  Officer                             Tel: [phone] 
  Clara Melia, Investor Relations 
 Zeus Capital - Nominated 
  adviser and joint broker            Tel: [phone] 
  Nick Cowles/Andrew Jones            Tel: [phone] 
  (Corporate Finance) 
  John Goold/Benjamin Robertson 
  (Corporate Broking) 
 Jefferies Hoare Govett -            Tel: [phone] 
  Joint Broker 
  Nick Adams/Max Jones 
 Buchanan - Financial PR 
  adviser                             Tel: [phone] 
  Richard Oldworth/Madeleine          [e-mail] 
  Seacombe/Jane Glover 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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