boohoo group plc Employee Share Option Grant (6212G)

TIDMBOO

RNS Number : 6212G

boohoo group plc

24 July 2019

 
 For Immediate Release   24 July 2019 
 
 

boohoo group plc

("boohoo" or the "Company")

Employee Share Option Grant

boohoo group plc (AIM: BOO), a leading online fashion group, announces that options over a total of 10,450,000 Ordinary Shares of 1 pence each ("Shares") were granted to 408 employees on 23 July 2019 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 219.65p per share which was the closing price of boohoo shares on 23 July 2019.

Following these grants the Company has a total of 33,109,321 Shares under option representing approximately 2.84% of the issued ordinary share capital of the Company.

 
 
   Enquiries 
 boohoo group 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 
 Philip Noblet/ Max Jones                   Tel: [phone] 
 
 Buchanan - Financial PR adviser            [e-mail] 
 Richard Oldworth/ Sophie Wills/ Maddie     Tel: [phone] 
  Seacombe 
 
 

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. For 13 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 and in March 2019 acquired the Miss Pap brand. 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. As at 28(th) February 2019, the boohoo group had around 13 million active customer accounts across all its brands around the world.

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July 24, 2019 11:09 ET (15:09 GMT)