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:
| Director | Shares held beneficially | Shares held under option schemes | Shares held under SIP | Shares under option in SAYE | Total interest | % of issued share capital |
| John Lyttle | – | 357,446 | 884 | 8,297 | 366,627 | 0.031% |
| Neil Catto | 64,773 | 671,603 | 11,393 | 17,434 | 765,203 | 0.066% |
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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Lyttle |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | boohoo group plc |
| b) | LEI | 213800SZF3KFCECWY243 |
| 4 | 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 code | Ordinary shares of 1p ISIN: JE00BG6L7297 |
| b) | Nature of the transaction | Grant 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 transaction | 30 October 2019 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Neil Catto |
| 2 | Reason for the notification | |
| a) | Position/status | CFO |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | boohoo group plc |
| b) | LEI | 213800SZF3KFCECWY243 |
| 4 | 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 code | Ordinary shares of 1p ISIN: JE00BG6L7297 |
| b) | Nature of the transaction | Grant 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 transaction | 30 October 2019 |
| f) | Place of the transaction | Off market |
