Issuance of Ordinary Shares to all NEDs and TVR
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boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Non‐Executive Directors as part of their compensation package.
A total of 206,309 New Ordinary Shares were issued at an effective price of 33.93 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 28 February 2024 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 (%) |
|---|---|---|---|---|
| Iain McDonald | £20,000 | 58,945 | 810,873 | 0.064 |
| Tim Morris | £10,000 | 29,473 | 75,735 | 0.006 |
| Kirsty Britz | £10,000 | 29,473 | 60,065 | 0.005 |
| Alistair McGeorge | £20,000 | 58,945 | 58,945 | 0.005 |
| John Goold | £10,000 | 29,473 | 29,473 | 0.002 |
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 13 February 2024.
Total Voting Rights
Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,268,675,790. The Company does not hold any shares in treasury.
| 2 | Reason for the notification | |
| a) | Position/status | i. Non-Executive Director ii. Non-Executive Director iii. Non-Executive Director iv. Deputy Chairman and Non-Executive Director v. Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | boohoo group plc |
| b) | LEI | 213800SZF3KFCECWY243 |
| a) | Description of the financial instrument, type of instrument Identification code | i. Ordinary shares of 1p each ii. Ordinary shares of 1p each iii. Ordinary shares of 1p each iv. Ordinary shares of 1p each v. Ordinary shares of 1p each ISIN: JE00BG6L7297 |
| b) | Nature of the transaction | i. Issue of shares as part of compensation package ii. Issue of shares as part of compensation package iii. Issue of shares as part of compensation package iv. Issue of shares as part of compensation package v. Issue of shares as part of compensation package |
| c) | Price(s) and volume(s) | Price No. of shares i 33.93p 58,945 ii 33.93p 29,473 iii 33.93p 29,473 iv 33.93p 58,945 v 33.93p 29,473 |
| d) | Aggregated information - Aggregated volume - Price | Price No. of shares i £20,000 58,945 ii £10,000 29,473 iii £10,000 29,473 iv £20,000 58,945 v £10,000 29,473 |
| e) | Date of the transaction | i. 6 February 2024 ii. 6 February 2024 iii. 6 February 2024 iv. 6 February 2024 v. 6 February 2024 |
| f) | Place of the transaction | i. Outside of a trading venue ii. Outside of a trading venue iii. Outside of a trading venue iv. Outside of a trading venue v. Outside of a trading venue |
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