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For Immediate Release |
27 October 2023 |
boohoo group plc
("boohoo" or the "Company")
SAYE Share Scheme 2023 and TVR
SAYE Share Scheme 2023
boohoo (AIM: BOO) announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2023. The scheme is open to all employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") with an exercise price of 25 pence, representing a 18.65% discount to the closing middle market price of the Ordinary Shares on 3 October 2023. These options have a contract start date of 1 December 2023 and are exercisable between 1 December 2026 and 31 May 2027.
A total of 440 employees elected to participate and, pursuant to these elections, a total of 12,968,971 options over Ordinary Shares were issued on 3 October 2023 equating to 1.02% of the current issued share capital.
Total Voting Rights
As at 26 October 2023 the total number of Ordinary Shares and voting rights in the Company is 1,268,438,263. No Ordinary Shares are held in treasury. This figure for total number of Ordinary Shares may be used by shareholders 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 Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.
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About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. In 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, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2023, the boohoo group had 17 million active customers across all its brands around the world.
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