RNS Number : 6488S

boohoo group plc

10 July 2020

 For Immediate Release   10 July 2020 

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 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:

                                           Average net price per 
    Date       Number of Shares acquired           Share 
 08/07/2020            4,414,409                 226.0787p 
              --------------------------  ---------------------- 
 09/07/2020            5,500,000                 285.6057p 
              --------------------------  ---------------------- 
    Total              9,914,409                 255.8422p 
              --------------------------  ---------------------- 

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.

    boohoo group plc 
    Neil Catto, Chief Financial Officer           Tel: +44 (0)161 
                                                   233 2050 
    Alistair Davies, Investor Relations           Tel: +44 (0)161 
                                                   233 2050 
    Clara Melia, Investor Relations               Tel: +44 (0)20 3289 
    Zeus Capital - Nominated adviser 
     and joint broker 
    Nick Cowles/Andrew Jones (Corporate           Tel: +44 (0)161 
     Finance)                                      831 1512 
    John Goold/Benjamin Robertson (Corporate      Tel: +44 (0)20 3829 
     Broking)                                      5000 
    Jefferies - Joint broker 
    Philip Noblet/Max Jones                       Tel: +44 (0)20 7029 
    Buchanan - Financial PR adviser               boohoo@buchanan.uk.com 
    Richard Oldworth/ Kim Looringh-van            Tel: +44 (0)20 7466 
     Beeck/Toto Berger                             5000 

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. Since 2006, 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, 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. 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 29 February 2020, the boohoo group had just under 14 million active customers across all its brands around the world.

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(END) Dow Jones Newswires

July 10, 2020 02:00 ET (06:00 GMT)

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