TIDMBOO
RNS Number : 4349C
boohoo group plc
18 June 2021
For Immediate Release 18 June 2021
boohoo group plc
("boohoo" or the "Group")
Result of Annual General Meeting
boohoo (AIM: BOO) , a leading online fashion group, announces
that all resolutions were passed on a poll at the Group's Annual
General Meeting ("AGM") held today, 18 June 2021.
The Board is delighted that shareholders have recognised the
important and very specific role Carol has on the board with a very
strong vote in her favour.
The Remuneration Committee acknowledges that the 79.80% vote in
favour of the Remuneration Report represents a significant
improvement versus last year. The Remuneration Committee looks
forward to ongoing engagement with the Group's shareholders as it
continues to shape the Group's future remuneration policy.
Results of the Meeting
VOTES % VOTES % VOTES VOTES WITHELD
FOR AGAINST TOTAL
1 951,169,116 99.72 2,627,060 0.28 954,437,958 641,782
------------ ------ ------------ ------ ------------ --------------
2 676,353,555 79.80 171,182,158 20.20 954,437,958 106,902,245
------------ ------ ------------ ------ ------------ --------------
3 926,510,017 97.08 27,910,151 2.92 954,437,958 17,790
------------ ------ ------------ ------ ------------ --------------
4 839,252,736 88.04 114,044,696 11.96 954,437,958 1,140,526
------------ ------ ------------ ------ ------------ --------------
5 928,864,339 97.32 25,556,181 2.68 954,437,958 17,438
------------ ------ ------------ ------ ------------ --------------
6 940,018,700 98.49 14,382,319 1.51 954,437,958 36,939
------------ ------ ------------ ------ ------------ --------------
7 887,933,695 93.04 66,472,268 6.96 954,437,958 31,995
------------ ------ ------------ ------ ------------ --------------
8 951,604,001 99.99 27,253 0.01 954,437,958 2,806,704
------------ ------ ------------ ------ ------------ --------------
9 954,401,976 99.99 14,262 0.01 954,437,958 21,720
------------ ------ ------------ ------ ------------ --------------
10 944,173,641 98.93 10,251,703 1.07 954,437,958 12,614
------------ ------ ------------ ------ ------------ --------------
11 950,958,308 99.95 459,630 0.05 954,437,958 3,020,020
------------ ------ ------------ ------ ------------ --------------
12 950,794,612 99.91 831,363 0.09 954,437,958 2,811,983
------------ ------ ------------ ------ ------------ --------------
13 950,302,947 99.99 125,425 0.01 954,437,958 4,009,586
------------ ------ ------------ ------ ------------ --------------
The Board announces that it currently has no intention of using
the authority to purchase Ordinary Shares under Resolution 13
before the next AGM of the Group.
As was announced in the AGM notice, the Board would only
exercise such authority if Ordinary Shares became available at an
attractive price, and 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 19 May 2021 which is available at www.boohooplc.com
.
John Lyttle, Group CEO commented:
"We are delighted with the overwhelming support received from
shareholders in passing all resolutions at our AGM, including the
re-election of co-founder Carol Kane. Carol plays an integral role
in establishing the identities that sit behind each of the brands
on our multi-brand platform, and as a co-founder of the Group her
drive, enthusiasm and unwavering support for our Agenda for Change
will be crucial in delivering change for the benefit of all
stakeholders."
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
Mark Mochalski, Investor Relations Tel: +44 (0)20
3239 6289
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. In 2021
the group has expanded further by acquiring the Dorothy Perkins,
Wallis, Burton and Debenhams brands. 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 4
May 2021, the boohoo group had 18 million active customers across
all its brands around the world.
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June 18, 2021 09:15 ET (13:15 GMT)
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