boohoo.com plc Grant of Options (9804S)

TIDMBOO

RNS Number : 9804S

boohoo.com plc

29 June 2018

 
 For Immediate Release   29 June 2018 
 

boohoo.com plc

("boohoo.com" or the "Company")

Grant of Options

boohoo.com (AIM: BOO), a leading online fashion group, announces that options over a total of 1,281,497 Ordinary Shares of 1 pence each ("Shares") were granted, at nominal value, on 28 June 2018 pursuant to the Company's Long Term Incentive Plan ('LTIP').

The grant comprises an option over 128,744 Shares to Neil Catto, Chief Financial Officer and options over 1,152,753 Shares in aggregate, to 15 senior managers.

Following this grant Neil's interest in Shares is as follows:

 
 Director    Shares        Shares     Shares   Shares     Total       % of 
              held          under      held     under      interest    issued 
              personally    option     under    option                 share 
                            in LTIP    SIP      in SAYE                capital 
 Neil 
  Catto      14,306        671,603    9,571    59,604      755,084    0.065% 
            ------------  ---------  -------  ---------  ----------  --------- 
 

The LTIP options granted have a performance period of three years ending on 28 February 2021 and vesting is dependent on meeting challenging performance conditions.

In addition, the Company announces that options over a total of 7,940,000 Ordinary Shares of 1 pence each were granted on 28 June 2018 to 350 employees pursuant to the Company's Employee Share Option Plan ('ESOP').

The options granted have a vesting period of three years, a total exercise period of ten years and an exercise price of 201.95 pence per Ordinary Share.

Following these grants the Company has a total of 33,087,003 Shares under option representing approximately 2.86% of the issued ordinary share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                       Neil Catto 
     -------------------------  ----------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------- 
 a)   Position/status            CFO 
     -------------------------  ----------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     -------------------------------------------------------- 
 a)   Name                       Boohoo.com plc 
     -------------------------  ----------------------------- 
 b)   LEI                        213800SZF3KFCECWY243 
     -------------------------  ----------------------------- 
 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 
     -------------------------------------------------------- 
 a)   Description of             Ordinary shares of 1p 
       the financial 
       instrument, type           ISIN: JE00BG6L7297 
       of instrument 
       Identification 
       code 
     -------------------------  ----------------------------- 
 b)   Nature of the              Grant of shares under option 
       transaction                in the Company's LTIP 
     -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    201.95     128,744 
     -------------------------  ----------------------------- 
 d)   Aggregated information 
       - Aggregated volume        N/A 
       - Price 
     -------------------------  ----------------------------- 
 e)   Date of the transaction    28 June 2018 
     -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
     -------------------------  ----------------------------- 
 

Enquiries

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

About boohoo.com plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, the group started life as boohoo.com, an inclusive and innovative brand targeting young, value-orientated customers. For over 10 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions into menswear through boohooMAN.

In early 2017 the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing, and free-thinking brand Nasty Gal. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at unbeatable prices. This investment proposition has helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 30-year-olds around the world. Today the boohoo group sells to over 9.8 million customer accounts across all its brands in almost every country in the world.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 29, 2018 02:01 ET (06:01 GMT)