Glass Lewis recommends vote AGAINST the Resolution

boohoo Group plc (AIM:BOO) notes the publication of the voting recommendation from Glass Lewis the independent proxy adviser, in relation to the Company's forthcoming General Meeting.

Glass Lewis has recommended that boohoo shareholders vote "AGAINST" the Resolution at the General Meeting on 21 January 2025, which seeks to remove Mahmud Kamani as a director.

Glass Lewis recognise that the Company "has initiated significant actions" in recent months, including undertaking the Business Review, strengthening its balance sheet, and introducing leadership changes, including appointing a new CEO and Independent Chair, while transitioning Mahmud Kamani from Executive Chair to Executive Vice Chair.

Glass Lewis conclude that these changes "should enable the Company to retain Mr Kamani's institutional knowledge and expertise while empowering new leadership to undertake initiatives that will likely be needed to improve the Company's performance".

This recommendation is in line with the unanimous recommendation of the Company's Independent Committee and the independent proxy adviser Institutional Shareholder Services Inc. ("ISS").

General Meeting and How to Vote

The General Meeting to vote on the Resolutions will be held at the offices of Addleshaw Goddard LLP at One St Peter's Square, Manchester M2 3DE on 21 January 2025, at 10.00 a.m.

Capitalised terms in this announcement, unless otherwise defined herein, have the same meanings as set out in the Circular posted to Shareholders on 11 December 2024.