boohoo group plc Directors' Dealings and Issue of Equity (6934X)

TIDMBOO

RNS Number : 6934X

boohoo group plc

05 May 2021

 
 For Immediate Release   5 May 2021 
 

boohoo group plc

("boohoo" or "the Group")

Directors' Dealings and Issue of Equity

boohoo (AIM: BOO) , a leading online fashion retailer, announces the following dealing in the Company's ordinary shares of 1 pence each ("Ordinary Shares") by John Lyttle, Chief Executive Officer and Tim Morris, Non-Executive Director.

John Lyttle has today exercised an option at nil cost over 357,446 Ordinary Shares following the vesting of the conditional share award granted on 11 July 2019 as part of his compensation award for the loss of short and long-term incentive awards which lapsed on leaving his previous employment . John sold 169,274 Ordinary Shares at 321.60 pence each to cover the tax liabilities relating to the vesting of the share award, leaving a retained balance of 188,172 Ordinary Shares.

Tim Morris, Non-Executive Director, has purchased 15,670 Ordinary Shares today at a price of 318.36 pence per Ordinary Share.

Following these transactions John Lyttle's and Tim Morris's interests in shares in boohoo group plc are as follows:

 
 Director      Shares             Shares   Shares     Total       % of issued 
                held personally    held     under      interest    share 
                                   under    option                 capital 
                                   SIP      in SAYE 
 John 
  Lyttle       188,172            1,858    8,297      198,327     0.015% 
              -----------------  -------  ---------  ----------  ------------ 
 Tim Morris    15,670             0        0          15,670      0.001% 
              -----------------  -------  ---------  ----------  ------------ 
 

John also remains interested in the Growth Share Plan, which can award a maximum of GBP50m in gross value before tax at the end of the 5 year performance period, subject to market capitalisation CAGR, as announced on 17 September 2018.

Application for admission of new Shares

Application has been made for the 357,446 new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 11 May 2021. Following Admission, the total number of Ordinary Shares and voting rights in the Group will be 1,263,734,473. The Group 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.

 
The notification below, made in accordance with the requirements 
 of the EU Market Abuse Regulation as it forms part of UK domestic 
 law by virtue of the European Union (Withdrawal) Act 2018, provides 
 further detail. 
 

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                   John Lyttle 
     ---------------------  ---------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------- 
 a)   Position/status        CEO 
     ---------------------  ---------------------------------- 
 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            Ordinary shares of 1p 
       of the financial 
       instrument,            ISIN: JE00BG6L7297 
       type of instrument 
       Identification 
       code 
     ---------------------  ---------------------------------- 
 b)   Nature of                   i) Exercise of Option 
       the transaction             ii) Sale of Ordinary Shares 
     ---------------------  ---------------------------------- 
 c)   Price(s)                       Price(s)   Volume(s) 
       and volume(s)            i)    nil        357,446 
                               ii)    321.60p    169,274 
     ---------------------  ---------------------------------- 
 d)   Aggregated 
       information             N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------------- 
 e)   Date of the            5 May 2021 
       transaction 
     ---------------------  ---------------------------------- 
 f)   Place of                    i) Off Market 
       the transaction             ii) London Stock Exchange, 
                                   AIM 
     ---------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                   Tim Morris 
     ---------------------  ----------------------------- 
 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            Ordinary shares of 1p 
       of the financial 
       instrument,            ISIN: JE00BG6L7297 
       type of instrument 
       Identification 
       code 
     ---------------------  ----------------------------- 
 b)   Nature of                   i) Purchase of Ordinary 
       the transaction             Shares 
     ---------------------  ----------------------------- 
 c)   Price(s)                      Price(s)   Volume(s) 
       and volume(s)           i)    318.36p    15,670 
     ---------------------  ----------------------------- 
 d)   Aggregated 
       information             N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------- 
 e)   Date of the            5 May 2021 
       transaction 
     ---------------------  ----------------------------- 
 f)   Place of               London Stock Exchange, AIM 
       the transaction 
     ---------------------  ----------------------------- 
 
 
 Enquiries 
 boohoo group plc 
 Neil Catto, Chief Financial Officer        Tel: [phone] 
                                             2050 
 Alistair Davies, Investor Relations        Tel: [phone] 
                                             2050 
 Clara Melia, Investor Relations            Tel: [phone] 
                                             5520 
 Mark Mochalski, Investor Relations         Tel: [phone] 
                                             7068 
 
 Zeus Capital - Nominated adviser and 
  joint broker 
 Nick Cowles/Andrew Jones (Corporate        Tel: [phone] 
  Finance)                                   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 global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 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. 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. In February 2021, the Group acquired the intellectual property assets of UK brands Burton, Dorothy Perkins and Wallis.

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May 05, 2021 13:19 ET (17:19 GMT)