Result of Annual General Meeting

 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 

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."

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.