Director and PDMR Dealings
Boohoo Group Plc has granted awards under its Group Turnaround Scheme (GTS) to senior employees, with Chief Executive Officer Dan Finley receiving approximately 66.67% of the scheme, potentially worth up to £148.1 million if the share price reaches £3.00 at measurement dates. Chief Financial Officer Phil Ellis was awarded approximately 10% of the GTS, with a maximum potential award of £22.2 million. Other employees will receive the remaining 23.33%, up to £51.8 million. The independent directors have confirmed the fairness of these related party awards to shareholders. Dan Finley subscribed for 18,000 D ordinary shares for £19,858, and Phil Ellis subscribed for 2,700 D ordinary shares for £2,978.70 on January 12, 2026.
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Debenhams Group (AIM: DEBS), a leading online fashion group, announces that, further to the Company's "Group Turnaround Scheme" announcement that was released at 7:01 a.m. on 27 November 2025 (the "GTS Announcement") by Debenhams, awards under the Group Turnaround Scheme (the "GTS") have now been granted.
Under the GTS Plan, awards have been made to certain Executives and other senior employees of the Company as set out below.
| Participant | Percentage of the GTS | Maximum potential award under the GTS (on basis the share price is at, or above £3.00 at each of the three Measurement Dates) |
|---|---|---|
| Dan Finley, Chief Executive Officer | 66.67% | £148.1m |
| Phil Ellis, Chief Financial Officer | 10.00% | £22.2m |
| Other employee Participants | 23.33% | £51.8m |
Additional Related Party Transaction
Following the implementation of the GTS, Dan Finley has received c.66.67% of the GTS. The Remuneration Committee has also approved an increased award of c.10% of the GTS to Phil Ellis.
The independent directors being Iain McDonald, John Goold and Tom Handley (who each also sit on the Committee), Tim Morris, Kirsty Britz, Mahmud Kamani and Carol Kane (the "Independent Directors") re-confirm, having consulted with Zeus Capital, Debenhams Group's Nominated Adviser, that the terms of the Related Party Awards are fair and reasonable insofar as the Company's shareholders are concerned.
Capitalised terms used but not defined in this announcement have the meanings given to them in the GTS Announcement unless the context provides otherwise.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dan Finley | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| 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 | D ordinary shares of £0.001 each in Debenhams Group Holdings Limited ISIN: JE00BG6L7297 | ||||
| b) | Nature of the transaction | Subscription of shares as part of the GTS | ||||
| c) | Price(s) and volume(s) |
D ordinary shares | ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 12 January 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Phil Ellis | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| 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 | D ordinary shares of £0.001 each in Debenhams Group Holdings Limited ISIN: JE00BG6L7297 | ||||
| b) | Nature of the transaction | Subscription of shares as part of the GTS | ||||
| c) | Price(s) and volume(s) |
D ordinary shares | ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 12 January 2026 | ||||
| f) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.