Last checked at 4 Mar 2020 07:00
For Immediate Release | 4 March 2020 |
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boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries the "Group" or "the boohoo group")
Purchase of Shares by Employee Benefit Trust
boohoo group plc (AIM: BOO), a leading online fashion group, announces that further to its announcement on 3 March 2020, the Trustee of the Group's Employee Benefit Trust ("EBT") has now completed the purchase of ordinary shares of 1 pence each ("Shares") in accordance with the Group's irrevocable instruction. Details of the purchases made are as follows:
Date | Number of Shares acquired | Average net price per Share |
28/02/2020 | 950,000 | 288.67p |
02/03/2020 | 2,060,000 | 300.22p |
03/03/2020 | 339,061 | 310.62p |
As previously announced, these purchases are intended to satisfy future awards of Shares under boohoo group plc's employee share plans and these will be held by the Trustee in the Group's EBT.
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. For 13 years, 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 and in August 2019, the Karen Millen and Coast 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 unbeatable 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 around the world. As at 31 August 2019, the boohoo group has over 13 million active customers across all its brands around the world.