Last checked at 26 Feb 2021 15:25
For Immediate Release | 26 February 2021 |
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")
Director's Dealing
boohoo group plc (AIM: BOO), a leading online fashion group, announces that Iain McDonald, Non-Executive Director, has purchased 100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 26 February 2021 at a price of 334.77 pence per ordinary share.
Following this transaction, Iain has an interest in 621,336 Ordinary Shares, representing approximately 0.049% of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Iain McDonald | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-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 | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
N/A
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e) | Date of the transaction | 26 February 2021 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Enquiries |
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boohoo group plc |
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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 |
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Zeus Capital - Nominated adviser and joint broker |
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Nick Cowles/Andrew Jones (Corporate Finance) | Tel: +44 (0)161 831 1512 |
John Goold/Benjamin Robertson (Corporate Broking) | Tel: +44 (0)20 3829 5000 |
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Jefferies - Joint broker |
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Philip Noblet/Max Jones | Tel: +44 (0)20 7029 8000 |
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Buchanan - Financial PR adviser | boohoo@buchanan.uk.com |
Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Sophie Wills | 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. United by a shared customer value proposition, our brands design, source, market and sell great quality clothes, shoes and accessories at affordable prices. These investment propositions have helped us grow from a single brand, into a major multi-brand online retailer, leading the fashion e-commerce market for 16 to 40-year-olds with a global presence. As at 31 August 2020, the Group had just over 17 million active customers across all its brands around the world.
In January 2021, the Group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into an online marketplace through a new capital light and low risk operating model that is complementary to the Group's highly successful direct-to-consumer multi-brand platform. In February 2021, the Group acquired the intellectual property assets of UK brands Burton, Dorothy Perkins and Wallis.