boohoo.com plc Completion of Acquisition (2210T)
04 January 2017 - 1:15AM
UK Regulatory
TIDMBOO
RNS Number : 2210T
boohoo.com plc
03 January 2017
For immediate release 3 January 2017
Completion of Acquisition
boohoo.com plc
Following the announcement on 14 December 2016, boohoo.com plc
("boohoo" or "the Group"), the leading online fashion retailer,
today announces that the Group has completed the acquisition of 66%
of 21 Three Clothing Company Ltd ("PrettyLittleThing"), paying a
cash consideration of GBP3.3 million ("the transaction"). The
transaction was on a cash free debt free basis and therefore the
final consideration payable remains subject to the agreement of
PrettyLittleThing's completion accounts as at 3 January 2017. The
Group will consolidate PrettyLittleThing from 3 January 2017.
PrettyLittleThing is a fast growing, international online retail
brand, which complements boohoo's own inclusive and innovative
brand. The Board expects the transaction to extend the Group's
presence in the UK and internationally and enhance the Group's
strong growth trajectory.
Enquiries
boohoo.com plc
Neil Catto, Chief Financial Tel: +44 (0)161 233 2050
Officer Tel: +44 (0)7748 171236
Clara Melia, Investor Relations
Zeus Capital - Nominated
adviser and joint broker Tel: +44 (0)161 831 1512
Nick Cowles/Andrew Jones Tel: +44 (0)20 3829 5000
(Corporate Finance)
John Goold/Benjamin Robertson
(Corporate Broking)
Jefferies Hoare Govett -
Joint Broker Tel: +44 (0)20 7029 8000
Nick Adams/Max Jones
Buchanan - Financial PR
adviser Tel: +44 (0)20 7466 5000
Richard Oldworth/Madeleine boohoo@buchanan.uk.com
Seacombe/Jane Glover
About boohoo.com
"The voice and style of the social generation"
Keeping one step ahead of the trends or making a subtle style
change is easy with boohoo.com and with up to 100 new pieces
hitting the site every day and a new collection each week,
boohoo.com never stops - it is 24/7 fashion at its best. From the
UK's best kept fashion secret to one of the fastest growing
international retailers, boohoo.com has quickly evolved into a
global fashion leader of its generation. Combining cutting-edge,
aspirational design with an affordable price tag, boohoo.com has
been pushing boundaries since 2006 to bring its customers all the
latest looks for less.
www.boohoo.com www.boohoo.com/newz/page/home fr.boohoo.com
www.boohoo.com/europe/page/home www.boohoo.com/sweden/page/home de.boohoo.com
www.boohoo.com/usa/page/home www.boohoo.com/denmark/page/home it.boohoo.com
www.boohoo.com/canada/page/home www.boohoo.com/norway/page/home nl.boohoo.com
www.boohoo.com/aus/page/home es.boohoo.com
About PrettyLittleThing
Founded in 2012, PrettyLittleThing ("PLT") originated as an
accessories only website. It soon saw that its customers wanted to
buy top to toe outfits and introduced a clothing range in 2013.
Since then PLT has grown into a forward-thinking fashion brand
offering killer affordable style to female fashion breakers and
makers. The business is all about the right here, right now. PLT
doesn't just anticipate trends; it creates them, taking inspiration
from the catwalk, celebrities, and influencers, making sure they're
available for the customer to shop on PLT's site before they're
available anywhere else.
www.prettylittlething.com ie.prettylittlething.com
www.prettylittlething.us
www.prettylittlething.com.au
This announcement has been determined to contain inside
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 03, 2017 09:15 ET (14:15 GMT)
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