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[March 18, 2014]
Boohoo.com finance chief bags 20 per cent of share options
(City A.M. (UK) Via Acquire Media NewsEdge) BOOHOO.COM, the online retailer that debuted on the London Aim last Friday, said yesterday it had awarded its chief financial officer over 20 per cent of its initial share options.
The Manchester-based firm's said that 9,746,000 share options were granted to employees. The options will vest in three years, at an exercise price of 50p, and "are subject to the achievement of Ebitda linked performance criteria".
An option of over 2,000,000 ordinary shares of 1p each has been granted to finance chief Neil Catto, representing 0.18 per cent of the issued share capital.
At yesterday's closing price - 66.5p - the shares would be worth £1.33m.
(c) 2014 City A.M.
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