boohoo group plc Result of Annual General Meeting (5661Q)
19 Giugno 2020 - 6:34PM
UK Regulatory
TIDMBOO
RNS Number : 5661Q
boohoo group plc
19 June 2020
For Immediate Release 19 June 2020
boohoo group plc
("boohoo" or the "Group")
Result of Annual General Meeting
boohoo group plc, a leading online fashion group, announces that
all resolutions were passed on a poll at the Group's Annual General
Meeting ("AGM") held today, 19 June 2020.
The Board announces that it currently has no intention of using
the authority to purchase Ordinary Shares under Resolution 11
before the next AGM of the Group.
As was announced in the AGM notice, the Board would only
exercise such authority if it considered that the effect of such
purchase would be to increase earnings and/or net assets per
Ordinary Share and that such exercise would be in the best
interests of Shareholders generally. In addition, the Board would
only exercise the authority if it was satisfied that the Group had
at the time such purchase is contemplated, sufficient cash
resources for current working capital purposes and distributable
reserves and there would be no requirements for financing from
third parties for this purpose.
The full text of the resolutions is set out in the Notice of
Meeting dated 20 May 2020 which is available at www.boohooplc.com
.
Enquiries
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 5520
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Finance) Tel: +44 (0)161
831 1512
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20
Broking) 3829 5000
Jefferies - Joint broker
Philip Noblet/Max Jones Tel: +44 (0)20
7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/ Kim Looringh-van Beeck/Toto Tel: +44 (0)20
Berger 7466 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
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