boohoo.com plc Share issue to Chairman and Non-Exec Directors (8185F)

TIDMBOO

RNS Number : 8185F

boohoo.com plc

23 February 2018

 
 For Immediate Release   23 February 2018 
 
 

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 35,224 New Ordinary Shares were issued at an effective price of 184.525 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 2018 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      Number            Percentage 
                    the share     of New      of Ordinary       of the 
                    issuance      Ordinary    Shares            enlarged 
                                  Shares      held following    Ordinary 
                                  Issued      the issuance      Share Capital 
----------------  ------------  ----------  ----------------  --------------- 
 Peter Williams    GBP25,000     13,548      491,962           0.04 
----------------  ------------  ----------  ----------------  --------------- 
 David Forbes      GBP10,000     5,419       276,784           0.02 
----------------  ------------  ----------  ----------------  --------------- 
 Sara Murray       GBP10,000     5,419       12,244            0.001 
----------------  ------------  ----------  ----------------  --------------- 
 Pierre 
  Cuilleret        GBP10,000     5,419       105,419           0.009 
----------------  ------------  ----------  ----------------  --------------- 
 Iain McDonald     GBP10,000     5,419       434,419           0.03 
----------------  ------------  ----------  ----------------  --------------- 
 

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 1 March 2018.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,149,493,788. 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.

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 and children's wear, through boohooMAN and boohooKIDS.

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 8 million customers in almost every country in the world.

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 
  - Joint Broker                      Tel: [phone] 
  Nick Adams/Max Jones 
 Buchanan - Financial PR 
  adviser                             Tel: [phone] 
  Richard Oldworth/Madeleine          [e-mail] 
  Seacombe 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 23, 2018 08:19 ET (13:19 GMT)