BOOHOO GROUP PLC

AGM Information • Jun 18, 2021

National Storage Mechanism | Additional information

RNS Number : 4349C

boohoo group plc

18 June 2021

For Immediate Release	18 June 2021

boohoo group plc

("boohoo" or the "Group")

Result of Annual General Meeting

boohoo (AIM: BOO), a leading online fashion group, announces that all resolutions were passed on a poll at the Group's Annual General Meeting ("AGM") held today, 18 June 2021.

The Board is delighted that shareholders have recognised the important and very specific role Carol has on the board with a very strong vote in her favour. 

The Remuneration Committee acknowledges that the 79.80% vote in favour of the Remuneration Report represents a significant improvement versus last year. The Remuneration Committee looks forward to ongoing engagement with the Group's shareholders as it continues to shape the Group's future remuneration policy. 

Results of the Meeting 

	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	VOTES WITHELD
1	951,169,116	99.72	2,627,060	0.28	954,437,958	641,782
2	676,353,555	79.80	171,182,158	20.20	954,437,958	106,902,245
3	926,510,017	97.08	27,910,151	2.92	954,437,958	17,790
4	839,252,736	88.04	114,044,696	11.96	954,437,958	1,140,526
5	928,864,339	97.32	25,556,181	2.68	954,437,958	17,438
6	940,018,700	98.49	14,382,319	1.51	954,437,958	36,939
7	887,933,695	93.04	66,472,268	6.96	954,437,958	31,995
8	951,604,001	99.99	27,253	0.01	954,437,958	2,806,704
9	954,401,976	99.99	14,262	0.01	954,437,958	21,720
10	944,173,641	98.93	10,251,703	1.07	954,437,958	12,614
11	950,958,308	99.95	459,630	0.05	954,437,958	3,020,020
12	950,794,612	99.91	831,363	0.09	954,437,958	2,811,983
13	950,302,947	99.99	125,425	0.01	954,437,958	4,009,586

The Board announces that it currently has no intention of using the authority to purchase Ordinary Shares under Resolution 13 before the next AGM of the Group.

As was announced in the AGM notice, the Board would only exercise such authority if Ordinary Shares became available at an attractive price, and if it considered that the effect of such purchase would be to increase earnings and/or net assets per Ordinary Share and that such exercise would be in the best interests of Shareholders generally. In addition, the Board would only exercise the authority if it was satisfied that the Group had at the time such purchase is contemplated, sufficient cash resources for current working capital purposes and distributable reserves and there would be no requirements for financing from third parties for this purpose.

The full text of the resolutions is set out in the Notice of Meeting dated 19 May 2021 which is available at www.boohooplc.com.

John Lyttle, Group CEO commented:

"We are delighted with the overwhelming support received from shareholders in passing all resolutions at our AGM, including the re-election of co-founder Carol Kane. Carol plays an integral role in establishing the identities that sit behind each of the brands on our multi-brand platform, and as a co-founder of the Group her drive, enthusiasm and unwavering support for our Agenda for Change will be crucial in delivering change for the benefit of all stakeholders."

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
Mark Mochalski, Investor Relations	Tel: +44 (0)20 3239 6289
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. Since 2006, 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, 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 2021 the group has expanded further by acquiring the Dorothy Perkins, Wallis, Burton and Debenhams brands. 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 4 May 2021, the boohoo group had 18 million active customers across all its brands around the world.

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