boohoo group plc Purchase of Shares by Employee Benefit Trust (9186E)

TIDMBOO

RNS Number : 9186E

boohoo group plc

04 March 2020

 
 For Immediate Release   4 March 2020 
 
 

boohoo group plc

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

Purchase of Shares by Employee Benefit Trust

boohoo group plc (AIM: BOO), a leading online fashion group, announces that further to its announcement on 3 March 2020, the Trustee of the Group's Employee Benefit Trust ("EBT") has now completed the purchase of ordinary shares of 1 pence each ("Shares") in accordance with the Group's irrevocable instruction. Details of the purchases made are as follows:

 
                                           Average net price per 
    Date       Number of Shares acquired           Share 
 28/02/2020             950,000                   288.67p 
              --------------------------  ---------------------- 
 02/03/2020            2,060,000                  300.22p 
              --------------------------  ---------------------- 
 03/03/2020             339,061                   310.62p 
              --------------------------  ---------------------- 
 

As previously announced, these purchases are intended to satisfy future awards of Shares under boohoo group plc's employee share plans and these will be held by the Trustee in the Group's EBT.

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. In March 2019 the group acquired the MissPap brand and in August 2019, the Karen Millen and Coast 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 unbeatable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion eCommerce market for 16 to 40-year-olds around the world. As at 31 August 2019, the boohoo group has over 13 million active customers across all its brands around the world.

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March 04, 2020 02:00 ET (07:00 GMT)