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BOOHOO GROUP PLC
Remuneration Information • May 20, 2024
7524_rns_2024-05-20_7244c5dc-4645-4e15-930d-ed2e70714bf7.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1759P
boohoo group plc
20 May 2024
| FOR IMMEDIATE RELEASE | 20 May 2024 |
boohoo group plc
("boohoo" or "the Company" or "the Group")
Grant of Options, Directors' Dealings and Total Voting Rights
boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has granted a total of 15,560,103 awards on 17 May 2024 pursuant to the Company's Discretionary Share Award Plan ("DSAP") and Deferred Bonus Plan ( " DBP " ) .
DSAP Awards
Nil cost awards over a total of 9,759,000 Ordinary Shares of 1 pence each ("Shares") were granted to senior managers pursuant to the DSAP, equating to 0.76% of the current issued share capital. No executive directors participated in the DSAP Awards.
The options vest in tranches of 3, 6, 8 and 14 months dependent on the level of seniority and subject to continued employment on the vesting date.
DBP Awards
Nil cost options over a total of 5,801,103 Shares were granted to Mahmud Kamani, Carol Kane, and John Lyttle in satisfaction of their annual bonus entitlement for the year ended 29 February 2024, as detailed in the table below, equating to 0.45% of the current issued share capital. The options vest on the 1st anniversary of the grant date on 17 May 2025 subject to continued employment on the vesting date.
| Name | Share Award |
| John Lyttle | 1,933,701 |
| Carol Kane | 1,933,701 |
| Mahmud Kamani | 1,933,701 |
Following this grant, the directors' interest in Shares is as follows*:
| Director | Shares held personally | Shares under option | Shares held under SIP | Shares under option in SAYE | Total interest* | % of issued share capital* |
| Mahmud Kamani | 157,979,880 | 5,605,632 | 0 | 0 | 163,585,512 | 12.89 |
| Carol Kane | 20,000,000 | 4,058,557 | 0 | 0 | 24,058,557 | 1.89 |
| John Lyttle | 188,172 | 5,431,081 | 4,994 | 60,000 | 5,684,247 | 0.44% |
* Carol Kane and John Lyttle also have an interest in Shares through the Growth Share Plan as previously announced.
Total Voting Rights
Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,269,084,436. The Company does not hold any shares in treasury.
The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mahmud Kamani
2
Reason for the notification
a)
Position/status
Group Executive Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Boohoo Group plc
b)
LEI
213800SZF3KFCECWY243
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 1p
ISIN: JE00BG6L7297
b)
Nature of the transaction
Grant of shares under option in the Company's DBP
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NIL | 1,933,701 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2024
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Carol Kane
2
Reason for the notification
a)
Position/status
Group Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Boohoo Group plc
b)
LEI
213800SZF3KFCECWY243
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 1p
ISIN: JE00BG6L7297
b)
Nature of the transaction
Grant of shares under option in the Company's DBP
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NIL | 1,933,701 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2024
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Lyttle
2
Reason for the notification
a)
Position/status
Group CEO
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Boohoo Group plc
b)
LEI
213800SZF3KFCECWY243
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 1p
ISIN: JE00BG6L7297
b)
Nature of the transaction
Grant of shares under option in the Company's DBP
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NIL | 1,933,701 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17 May 2024
f)
Place of the transaction
Outside of a trading venue
| Enquiries | |||
| boohoo group plc | |||
| Stephen Morana, Chief Financial Officer | Tel: +44 (0)161 233 2050 | ||
| Pete Templeton, Group Finance Director | Tel: +44 (0)161 233 2050 | ||
| Michael Cooper, Investor Relations | Tel: +44 (0)161 233 2050 | ||
| Rebecca Jamieson, Investor Relations | |||
| Zeus Capital - Nominated adviser and joint broker | |||
| Andrew Jones / Dan Bate / James Edis | Tel: +44 (0)161 831 1512 | ||
| Benjamin Robertson | Tel: +44 (0)20 3829 5000 | ||
| Jefferies - Joint broker | |||
| Ed Matthews / Harry Le May | Tel: +44 (0)20 7029 8000 | ||
| HSBC - Joint broker | |||
| Chloe Ponsonby / James Hopton | Tel: +44 (0)20 7991 8888 | ||
| Headland - Financial PR adviser | |||
| Susanna Voyle / Will Smith | Tel: +44 (0)20 3725 7514 | ||
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo group is a fashion forward, inclusive and innovative business. The Group's brands are complementary, vibrant and scalable, delivering inspirational, on-trend fashion to our customers 24/7. The diversity of our brands, including the group's 5 core brands, boohoo, boohooMAN, PrettyLittleThing, Karen Millen and Debenhams, enable us to serve a broad customer base, globally, with a primary focus on the UK and US markets. Since its acquisition in 2021, Debenhams has been transformed from a retailer into a digital marketplace with a capital-light, low-risk operating model and a focus on fashion, beauty as well as home. Boohoo group is concentrated on driving sustainable, profitable growth with technology and automation increasing efficiency across the business.
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