ISSUANCE OF ORDINARY SHARES TO ALL NEDS AND TVR-BOOHOO GROUP PLC

ISSUANCE OF ORDINARY SHARES TO ALL NEDS AND TVR-BOOHOO GROUP PLC

Issuance of Ordinary Shares to all Non‐Executive Directors and Total Voting Rights

boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Non‐Executive Directors as part of their compensation package.

A total of 206,309 New Ordinary Shares were issued at an effective price of 33.93 pence under the terms of their letter of appointment which require compensation to be made partly in cash and partly in Ordinary Shares. The New Ordinary Shares represent the share compensation due for the financial year ending 28 February 2024 and are subject to lock in provisions for as long as the recipient remains a director of boohoo.

The details of the issuance are set out below:

 

Director

Value of the share issuance

Number of New Ordinary Shares Issued

Number of Ordinary Shares held following the issuance

Percentage of the enlarged Ordinary Share Capital (%)

 

Iain McDonald

£20,000

58,945

810,873

0.064

Tim Morris

£10,000

29,473

75,735

0.006

Kirsty Britz

£10,000

29,473

60,065

0.005

Alistair McGeorge

£20,000

58,945

58,945

0.005

John Goold

£10,000

29,473

29,473

0.002

 

 

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 13 February 2024.

Total Voting Rights

 

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,268,675,790. The Company does not hold any shares in treasury.

 

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

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