Member Info for southcoastbather

Bon - I have no doubt the company will be reporting posts also.

If my account does disappear its not voluntarily!

Just here to post the truth.

"yes kachra it was. the trolls had a field day ****ging off similar boo incentive schemes"

Shareholders voted in favour of the initial scheme....

However when thensp fell from 400p to 30p and the company was making losses of 160 million management tried to adjust their scheme!!

Quite rightly shareholders kicked off!!!!

Frasers Group reported a 13.1% increase in adjusted profit before tax (APBT) in the year ending April 28, 2024, reaching £544.8 million. This was the top end of the company's guidance range and exceeded the consensus estimate.

Despite repeated requests.... They knew this rns was coming.... Tried to settle the old faithful shareholders with a little 100k from Carol on the same day lol...

Despite repeated requests from Frasers that the details of this consultancy arrangement be

disclosed and notwithstanding the significance of the alleged amounts and apparent conflict of

interest concerns, including in relation to Umar Kamani’s position as a related party to boohoo

and PLT, no details have been provided to boohoo shareholders. Frasers is aware that other

shareholders of boohoo have previously asked boohoo questions relating to Umar Kamani’s

position at PLT and no responses from boohoo have been forthcoming

What we really need to know now is who signed this pay/expense off.

Were the remuneration committee involved and have let this huge over payment happen.

If the remuneration committee were involved they need need to be replaced with immediate effect - they should have been replaced over the bonus fiasco last year anyway.

Kg - the vultures are within....ripping this carcass bare...

Boohoo have rev b listed as 29.7 million on their balance sheet....

Current value 10 million. ...

Thats going to hurt when adjusted?

Oh I can guarantee the kamanis were on the phone last night.... They haven't got an excuse yet that's all.

It would have been refuted at 7am this morning if it wasn't true.

One simple rns... But no.... Why?

There's more to come here, guaranteed.

They have been caught with their hands in the tills to many times now.....

There needs to be a full independent audit and complete board switch, the only knowledge any Kamani brings is how ro fleece the company's cash and rip off investors - the evidence is right in front of our eyes...

Look at this one below.... Fingers in the till for millions that they then bad to pay back when shadowfall highlighted it...

"Following a review of the accounting treatment of the non-controlling interest of shareholders in PrettyLittleThing.com Limited ("PLT"), it has been determined that the restrictions imposed by the Shareholders' Agreement require the proportion of the non-controlling interests' share of the profits of PLT to accrue in accordance with certain terms of the agreement and not as 34% as previously stated. The accumulated profit attributable to non-controlling interests of £8,761,000 as at 28 February 2018 has been adjusted to £4,018,000 and the share of profits for the year to 28 February 2019 from £9,687,000 to £3,875,000 and the difference added to retained earnings. The share of profits recognised by the non-controlling interest increases each year by 20% of 34% of the earnings of PLT from 20% of 34% to 100% of 34% over the five-year period of the agreement, as does the non-controlling interests' share of the net assets."

If it was false it would have been refuted at 7am...

Right nkw they are thinking of some excuse for the ridiculous pay packet.

The whole board are one big family in this together...

Rotten to the core!!

This looks absolutely terrible for the new ceo and chairman!

Immediate board shuffle needed with Kamani OUTTTTTTT.

No 7am rns to refute the allegation.... Pretty simple to do.... Unless....

I think jezzer cracked it last night without realising....

When he said all umars social media is nothing to do with plt....

Umar isn't on the books.... He's being paid as an adviser to plt.... Money straight to Dubai..... No uk tax..... So he can't appear to be employed.....

Daddy takes a pay cut and son pays no tax allowing them both over a million a year.... (total 2.4 million at 200k a months)

This is about to get sticky for them.....

I wonder how many people already regret voting for them???

Did the institutions know about this ridiculous pay for Umar??

They should all be working for free to correct THEIR mess.

The question now is, will we hit a one year low or an all time low under "Dan the man" ?

It's certainly looking to get messy and then the dreaded results are coming...

Dan Finley, Chief Executive Officer of boohoo Group, said:

"Once again, our shareholders have spoken. We want to put this disruption and distraction behind us. Our focus is on enriching the Kamani family"

Tim Morris, Independent Non-Executive Chair of boohoo Group, said:

"I would like to thank our shareholders for their overwhelming support, which provides the Board with a clear mandate to continue with the work of creating more zeros in the Kamani family accounts"

Lets not forget that earlier today shareholders were raving about a 100k buy from Carol as being somewhat a large amount of money for her to spend....

Well this is TWO MILLION QUID

Imagine taking 170 million quid from shareholders then running away when things started to get sticky, then coming back to sort out your own mess for 2 million a year...

Shameless charlatans.

"Go check his twitter southcoast"

What about his Instagram?? 😂😂😂😂😂

Whoopsiiiiiii!!

Oh you wait, this will all be true - I guarantee it.

Yes a target that 85 percent of shareholders voted for as it will double their investment

AND FRASERS MAKES PROFITSSSSSSSSS

Frasers' shareholders have backed a £100m pay deal for upcoming boss Michael Murray, Mike Ashley's prospective son-in-law.

Around 85% voted for the package, which could hand Mr Murray a £100m bonus on top of his annual £1m salary.

He'll get the bumper bonus if the company's shares reach £15 in the next four years.

Its no secret umar is the ceo of plt?

Show me the rns stating he is the ceo.

They literally say he is consulting.

Open your eyes and take the blinkers off lad.

2 million a year?

You must be crazy to think thats a reasonable level of pay for running one brand in a 13 brand company.

They are shafting this company and its shareholders.

There's nore to come - I guarantee it.

I have a friend in the corporate information sector - this is typically what happens, they drip feed a bit of news at a time.