Last checked at 15 Nov 2021 17:12
For Immediate Release | 15 November 2021 |
boohoo group plc
("boohoo" or the "Company")
SAYE Share Scheme 2021
boohoo (AIM: BOO) announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2021. The scheme is open to all employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") with an exercise price of 154.48 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 6 October 2021, the day before the invitation to participate was made. These options have a contract start date of 1 December 2021 and are exercisable between 1 December 2024 and 31 May 2025.
A total of 1,387 employees elected to participate and, pursuant to these elections, a total of 6,144,989 options over Ordinary Shares were issued on 1 November 2021 equating to 0.48% of the current issued share capital.
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. In 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. 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 a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2021, the boohoo group had 19 million active customers across all its brands around the world.
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