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Retail & Consumer

Boohoo hands shares worth almost £6m to employees

The awards come in the middle of Boohoo's bitter public row with Revolution Beauty

Boohoo is headquartered in Manchester(Image: Boohoo)

Boohoo has handed shares worth almost £6m to a number of its employees.

The fashion giant has awarded over 17.1 million shares to 46 of its staff, according to an update issued to the London Stock Exchange.

The Manchester-headquartered group said the move was part of its Discretionary Share Award Plan.

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Boohoo's shares were trading at 33.78p on Thursday morning (July 6), giving the total of 17,112,212 shares awarded a value of just over £5.7m.

The total number of shares handed out equate to 1.35% of the current issued share capital in Boohoo.

Boohoo confirmed that no executive directors received any of the shares.

The awards have a vesting period of three years ending on June 28, 2026, subject to continued employment on the vesting date.