boohoo group plc Grant of Options (4098F)
15 July 2021 - 11:23PM
UK Regulatory
TIDMBOO
RNS Number : 4098F
boohoo group plc
15 July 2021
15 July 2021
boohoo group plc
("boohoo" or the "Company")
Grant of Options
boohoo group plc (AIM: BOO), a leading online fashion group,
announces that options over a total of 16,800,000 Ordinary Shares
of 1 pence each ("Shares") were granted to 646 employees on 13 July
2021 pursuant to the Company's Employee Share Option Plan ('ESOP'),
equating to 1.33% of the current issued share capital.
The options granted have a vesting period of three years, a
total exercise period of ten years and an exercise price of 289.45p
per Share which was the closing price of boohoo shares on 12 July
2021.
Options over a total of 2,333,678 Shares were granted to 36
senior managers pursuant to the Company's Long Term Incentive Plan
('LTIP'), equating to 0.18% of the current issued share capital.
Options over a total of 142,606 Shares were granted at nominal
value and options over a total of 2,191,072 Shares were granted at
an exercise price of 289.45 pence per Share.
The options granted have a vesting period of three years ending
on 13 July 2024 and vesting is dependent on meeting challenging
performance conditions.
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: +44 (0)20 3289
5520
Mark Mochalski, Investor Relations Tel: +44 (0)20 3239
6289
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)161 831
Finance) 1512
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829
Broking) 5000
Jefferies - Joint broker
Philip Noblet/Max Jones Tel: +44 (0)20 7029
8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Kim Looringh-van Tel: +44 (0)20 7466
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 a digital department store and marketplace through a new
capital-light and low-risk operating model. In February 2021, the
group acquired the intellectual property assets of UK brands
Dorothy Perkins, Wallis and Burton. As at 28 February 2021, the
boohoo group had 18 million active customers across all its brands
around the world.
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END
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July 15, 2021 09:23 ET (13:23 GMT)
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