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boohoo Plc

Boohoo Group announce employee SAYE Share Scheme 2019

Boohoo Group (LON:BOO) has announced the grant of options to employees as part of its Save As You Earn (‘SAYE’) share scheme for 2019. 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 with an exercise price of 216.92 pence, a 20% discount to the closing middle market price of the Ordinary Shares on 4 October 2019, the day before the invitation to participate was made. The options have a contract start date of 1 December 2019 and are exercisable between 1 December 2022 and 31 May 2023.

A total of 791 employees elected to participate, and pursuant to these elections a total of 2,017,468 options over Ordinary Shares were issued on 30 October 2019 equating to 0.18% of the current issued share capital.

John Lyttle, Chief Executive Officer and Neil Catto, Chief Financial Officer, are participants in the Company’s SAYE scheme and are included in the total figures above. Their individual option grants pursuant to this year’s SAYE scheme are 8,297 shares each.

As a result of these option grants, John and Neil’s interest in Ordinary Shares is as follows:

DirectorShares held beneficiallyShares held under option schemesShares held under SIPShares under option in SAYETotal interest% of issued share capital
John Lyttle357,4468848,297366,6270.031%
Neil Catto64,773671,60311,39317,434765,2030.066%

Following these grants the Company has a total of 38,975,249 Shares under option representing approximately 3.343% of the issued ordinary share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1Details of the person discharging managerial responsibilities / person closely associated
a)NameJohn Lyttle
2Reason for the notification
a)Position/statusCEO
b) Initial notification /AmendmentInitial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)Nameboohoo group plc
b)LEI213800SZF3KFCECWY243
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 instrumentIdentification codeOrdinary shares of 1p ISIN: JE00BG6L7297
b)Nature of the transactionGrant of options under the Company’s Save As You Earn Plan
c)Price(s) and volume(s) Price(s)Volume(s)£2.16928297   
d)Aggregated information- Aggregated volume- Price
N/A
e)Date of the transaction30 October 2019
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameNeil Catto
2Reason for the notification
a)Position/statusCFO
b) Initial notification /AmendmentInitial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)Nameboohoo group plc
b)LEI213800SZF3KFCECWY243
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 instrumentIdentification codeOrdinary shares of 1p ISIN: JE00BG6L7297
b)Nature of the transactionGrant of options under the Company’s Save As You Earn Plan
c)Price(s) and volume(s) Price(s)Volume(s)£2.16928297   
d)Aggregated information- Aggregated volume- Price
N/A
e)Date of the transaction30 October 2019
f)Place of the transactionOff market

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.