boohoo group plc Director's Dealing (5660Q)

TIDMBOO

RNS Number : 5660Q

boohoo group plc

26 February 2021

 
 For Immediate Release      26 February 2021 
 

boohoo group plc

("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")

Director's Dealing

boohoo group plc (AIM: BOO) , a leading online fashion group, announces that Iain McDonald, Non-Executive Director, has purchased 100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 26 February 2021 at a price of 334.77 pence per ordinary share.

Following this transaction, Iain has an interest in 621,336 Ordinary Shares, representing approximately 0.049% of the Company's issued Ordinary Share capital.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Iain McDonald 
     --------------------------------  --------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  --------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              boohoo group 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 the                Ordinary shares of 1p 
       financial instrument, 
       type of instrument                ISIN: JE00BG6L7297 
       Identification code 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)              Price(s)   Volume(s) 
                                           334.77p    100,000 
                                                     ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                N/A 
       - Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           26 February 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM 
     --------------------------------  --------------------------------- 
 
 
 Enquiries 
 boohoo group plc 
 Neil Catto, Chief Financial Officer        Tel: +44 (0)161 
                                             233 2050 
 Alistair Davies, Investor Relations        Tel: +44 (0)161 
                                             233 2050 
 Clara Melia, Investor Relations            Tel: [phone] 
                                             5520 
 
 Zeus Capital - Nominated adviser 
  and joint broker 
 Nick Cowles/Andrew Jones (Corporate        Tel: +44 (0)161 
  Finance)                                   831 1512 
 John Goold/Benjamin Robertson (Corporate   Tel: [phone] 
  Broking)                                   5000 
 
 Jefferies - Joint broker 
 Philip Noblet/Max Jones                    Tel: [phone] 
                                             8000 
 
 Buchanan - Financial PR adviser            [e-mail] 
 Richard Oldworth / Kim Looringh-van        Tel: [phone] 
  Beeck / Toto Berger / Sophie Wills         5000 
 

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative brand targeting young, value-orientated customers. Since 2006, 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. 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. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at affordable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion e-commerce market for 16 to 40-year-olds with a global presence. As at 31 August 2020, the Group had just over 17 million active customers across all its brands around the world.

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 an online marketplace through a new capital light and low risk operating model that is complementary to the Group's highly successful direct-to-consumer multi-brand platform. In February 2021, the Group acquired the intellectual property assets of UK brands Burton, Dorothy Perkins and Wallis.

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February 26, 2021 10:25 ET (15:25 GMT)