The bosses of Boohoo are in line for a £150m bonus if shares in the online fashion retailer rise by two-thirds over the next three years
Under the scheme, key top executives will share a maximum payout of £150m if Bohoo’s market value can be increased by 66% from £4.54bn as measured on 16 June to £7.55bn by 17 June 2023. At the lower end of the scheme, if the market capitalisation reaches £6.29bn at the end of the three years, the payout pot will be £50m. To achieve the maximum target, Boohoo’s sales will need to increase at an 18% average growth rate over the next three years.
Participants in the scheme include the co-founders, Mahmud Kamani and Carol Kane, who will each receive £50m or a third of the payout, and the chief financial officer, Neil Catto, who will get 6.67%.
I think we will edge closer to 400 in the next 7 weeks pre results Come results Sep 30 & report we will blow the previous high of 433 hitting 450-500 depending how much they exceed results 600 will be 2021/22 - bonuses of 50M are payable to execs on 600 before 2023
Boohoo Group 74.3% potential upside indicated12 Aug 2020 09:08
Boohoo Group 74.3% potential upside indicated Article by: Giles Arbor 11th August 2020
Boohoo Group plc (LON:BOO) the UK-based online fashion retailer has an average target price of 399 pence taken from 6 brokers. When compared to today’s opening price of 296 pence this indicates an upside of 74.36%. Jefferies with the rating ‘Buy’ has set the highest target price of 500p followed by Barclays with a rating of overweight and a target price of 475 pence. Boohoo has had a 52-week high of 433.5 pence and a 52-week low of 133.10 pence, currently trading around 295 pence (midday 11/08/20) and with a market capitalisation of 3.69B which is up from it’s pervious close of 292.4 pence.