Last checked at 14 Jun 2017 07:00
This announcement contains inside information
For Immediate Release | 14 June 2017 |
boohoo.com plc
("boohoo" or the "Company")
Non-Executive Directorate Change
Boohoo, a leading online fashion retailer, announces that after almost 4 years with Boohoo.com, Stephen Morana has advised the Board of his intention to step down as a non-executive director of the Company with effect from 1 July 2017. Stephen currently chairs the Company's Audit Committee and David Forbes, Senior Independent Director and existing member of the Audit Committee will be appointed to this position from 1 July 2017.
The Company is pleased to announce that Iain McDonald is joining the Board as non-executive director with effect from 1 September 2017. Iain is currently non-executive Chairman of MySale Group plc, and a director of The Hut Group Limited and Houseology.com. Upon his appointment Iain will Chair the Remuneration Committee, to allow current Remuneration Committee Chair, David Forbes, to focus on Audit Committee matters. Iain holds 404,000 ordinary shares of £0.01 each in the Company, representing 0.04 per cent of the Company's issued share capital.
Peter Williams, non-executive Chairman, commented:
"On behalf of the Board, I would like to thank Stephen for his positive contribution to the Company and in particular for his stewardship of the Audit Committee. His financial experience and market insight has been invaluable during this transformational period in the Company's development.
"I am delighted to welcome Iain to the Company. Iain's insight in the ecommerce world will be a great asset at this time in the group's growth. The Board very much look forward to working with him."
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.
Iain McDonald (aged 46) holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships | Previous Directorships or Partnerships |
MySale Group plc | Belvedere Schools Limited |
The Hut Group Limited | Belerion Capital Limited (formerly Iain McDonald Capital Limited) |
CentralNIC Group PLC | Belvedere Energy Investments Limited |
Fishing Republic plc | Infusion 2002 Limited |
Houseology Design Group Limited (formerly Occa Design Group) | Maison 7 Limited (trading as Atterley.com) |
Anatwine Limited | Belvedere Energy Investments Limited |
Iain McDonald was a Non-Executive Director of Maison Seven Limited (trading as Atterley.com) which was placed into administration on 5 January 2016 and moved into creditors' voluntary liquidation on 13 December 2016. Preferred creditors were paid in full and unsecured creditors are expected to receive a partial dividend. The liquidation process is ongoing.
There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.
Enquiries
boohoo.com plc Neil Catto, Chief Financial Officer Clara Melia, Investor Relations
| c/o Buchanan Tel: +44 (0)20 7466 5000
Tel: +44 (0)161 233 2050 Tel: +44 (0)7748 171236
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Buchanan - Financial PR adviser Richard Oldworth Madeleine Seacombe | Tel: +44 (0)20 7466 5000 boohoo@buchanan.uk.com
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Zeus Capital - Nominated adviser and joint broker Nick Cowles/Andrew Jones (Corporate Finance) John Goold/Benjamin Robertson (Corporate Broking)
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Tel: +44 (0)161 831 1512
Tel: +44 (0)20 3829 5000 |
Jefferies Hoare Govett - joint broker Nick Adams Max Jones
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Tel: +44 (0)20 7029 8000
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