Grant of Options, Directors' Dealings and TVR20 May 2024 19:33
"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. "
Well, would you look at that... rewarding failure, as ever. But by now, who's surprised?