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16 Jul 2020 15:41
For Immediate Release | 16 July 2020 |
The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
boohoo group plc
("boohoo" or "the Group")
Director's Dealings
boohoo announces that it has been notified today of the following purchases of Ordinary shares today, by the following Directors of the Company:
Director | Position | Number of Ordinary Shares purchased | Average purchase price | Number of Ordinary Shares held or interest in Ordinary Shares following the purchase | Percentage of issued share capital |
Mahmud Kamani | Executive Chairman | 5,000,000 | 214.281 pence | 157,679,880 | 12.5% |
Carol Kane | Group Co-Founder and Executive Director | 2,000,000 | 214.281 pence | 33,330,421 | 2.6% |
Iain McDonald | Non-Executive Director | 50,000* | 226.5 pence* | 518,481 | 0.04% |
*Acquired via Contract for Difference
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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 | Ordinary Shares of 1p each | |||
Identification code | ISIN: JE00BG6L7297 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
See box d | See box d | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 5,000,000 | ||||
- Price | 214.281 pence | ||||
e)
| Date of the transaction
| 16 July 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Carol Kane
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Group Co-Founder and 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 | Ordinary Shares of 1p each | |||
Identification code | ISIN: JE00BG6L7297 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
See box d | See box d | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,000,000 | ||||
- Price | 214.281 pence | ||||
e)
| Date of the transaction
| 16 July 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
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 | Contract for difference in respect of Ordinary Shares of 1p | |||
Identification code | ISIN: JE00BG6L7297 | ||||
b)
| Nature of the transaction
| Acquisition of interest in Ordinary Shares via a contract for difference | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
226.5 pence | 50,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price | |||||
e)
| Date of the transaction
| 16 July 2020 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
-ends-
Enquiries | |
boohoo group plc | |
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 |
Zeus Capital - Nominated adviser and joint broker | |
Nick Cowles/Andrew Jones (Corporate Finance) | Tel: +44 (0)161 831 1512 |
John Goold/Benjamin Robertson (Corporate Broking) | Tel: +44 (0)20 3829 5000 |
Jefferies - Joint broker | |
Philip Noblet/Max Jones | Tel: +44 (0)20 7029 8000 |
Buchanan - Financial PR adviser | boohoo@buchanan.uk.com |
Richard Oldworth/ Kim Looringh-van Beeck/Toto Berger | 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 eCommerce market for 16 to 40-year-olds with a global presence. As at 29 February 2020, the Group had just under 14 million active customers across all its brands around the world.
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