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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Boohoo group plc    BOO   JE00BG6L7297

BOOHOO GROUP PLC

(BOO)
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boohoo : Issuance of Ordinary Shares and Director?s Dealing

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02/28/2020 | 11:22am EDT
Regulatory Story
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Issuance of Ordinary Shares and Director's Dealing
Released 16:16 28-Feb-2020



RNS Number : 5610E
boohoo group plc
28 February 2020

For Immediate Release

28 February 2020

Boohoo group plc

('boohoo' or the 'Company')

Issuance of Ordinary Shares to the Deputy Chairman and Non‐Executive Directors

and Director's Dealing

boohoo, one of the UK's largest pure‐play online, own brand fashion retailers, announces that it has issued new ordinary shares of 1 pence each ('New Ordinary Shares') to its Deputy Chairman and Non‐executive Directors as part of their compensation package.

A total of 16,925 New Ordinary Shares were issued at an effective price of 295.40 pence under the terms of their letter of appointment which require compensation to be made partly in cash and partly in Ordinary Shares. The New Ordinary Shares represent the share compensation due for the financial year ending 29 February 2020 and are subject to lock in provisions for as long as the recipient remains a director of boohoo. The details of the issuance are set out below:

Director

Value of the share issuance

Number of New Ordinary Shares Issued

Number of Ordinary Shares held following the issuance

Percentage of the enlarged Ordinary Share Capital

Brian Small

£20,000

6,770

46,770

0.004%

Sara Murray

£10,000

3,385

121,306

0.010%

Pierre Cuilleret

£10,000

3,385

214,481

0.018%

Iain McDonald

£10,000

3,385

468,481

0.040%

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 1 March 2020.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,168,033,762. The Company 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.

Director Dealing

Boohoo also announces that the following dealing in the Company's ordinary shares of 1 pence each ('Ordinary Shares') by Neil Catto, Chief Financial Officer. Neil gave an irrevocable instruction to Link Asset Services on 28 February 2020 to exercise an option over 9,137 Ordinary Shares in the company Save As You Earn (SAYE) scheme at an exercise price of 78.8 pence per Ordinary Share. Link Asset Services will conduct this transaction on 2 March 2020 which falls within the Company's forthcoming closed period. Neil will retain this shareholding as part of his commitment to hold shares as part of the Executive Director Shareholding requirement.

As part of this exercise, Neil's interest in Shares will be as follows:

Director

Shares held personally

Shares under option in LTIP

Shares held under SIP

Shares under option in SAYE

Total interest

% of issued share capital

Neil Catto

73,910

840,173

11,393

8,297

933,773

0.08%

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

Neil Catto

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p

ISIN: JE00BG6L7297

b)

Nature of the transaction

Exercise of share options under Company's Save As You Earn Share Scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

78.8 pence

9,137



d)

Aggregated information

- Aggregated volume

- Price


N/A

e)

Date of the transaction

2 March 2020

f)

Place of the transaction

London Stock Exchange, AIM

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

Zeus Capital - Nominated adviser and joint broker

Nick Cowles/Andrew Jones (Corporate Finance)

Tel: +44 (0)161 831 1512

John Goold/Benjamin Robertson (Corporate Broking)

Tel: +44 (0)20 3829 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 Beeck/Toto Berger

Tel: +44 (0)20 7466 5000

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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Issuance of Ordinary Shares and Director's Dealing - RNS

Disclaimer

Boohoo.com plc published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 16:21:04 UTC

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Sales 2021 1 584 M 2 038 M 2 038 M
Net income 2021 85,8 M 110 M 110 M
Net cash 2021 330 M 424 M 424 M
P/E ratio 2021 55,5x
Yield 2021 -
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EV / Sales 2022 2,01x
Nbr of Employees 2 692
Free-Float 78,8%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 410,65 GBX
Last Close Price 378,00 GBX
Spread / Highest target 36,2%
Spread / Average Target 8,64%
Spread / Lowest Target -49,7%
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Managers
NameTitle
John Lyttle Chief Executive Officer & Director
Mahmud Abdullah Kamani Executive Chairman
Neil James Catto Chief Financial Officer & Executive Director
Jo Graham Chief Information Officer
Carol Mary Kane Executive Director
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