For Immediate Release
7 March 2014

boohoo.com plc
("boohoo" or the "Company")

Announcement of Placing details and Admission to AIM

Successful Placing to raise £300 million
Market capitalisation of £560 million at Placing Price
Trading starts 14 March 2014 on AIM

boohoo, one of the UK's largest pure-play online, own brand fashion retailers, today announces the successful pricing of its initial public offering ("the IPO") and the placing ("the Placing") of 600 million ordinary shares at 50p per share. It is expected that dealings will commence on AIM at 8.00 a.m. on 14 March 2014.

The Company designs, sources, markets and sells the latest on-trend fashions through the www.boohoo.com website to a core market of 16-24 year old consumers. boohoo is a well-established brand in the UK, Ireland and Australia and currently sells its products into over 100 countries.

boohoo is raising gross proceeds of approximately £300 million, £50 million of which will be used to accelerate its expansion and enhance its working capital base. A proportion of the money raised will be used as part of a multi-stage development plan to grow the Company's distribution facilities and repay the outstanding mortgage on its Burnley warehouse, in addition to funding the infrastructure and IT systems to support future international growth. Approximately £240 million will be used to repay the Convertible Loan notes held by the Company's existing shareholders. Following Admission the Board and the Kamani family will hold approximately 44% of the Company's enlarged share capital. On Admission, the Company is expected to have net cash of approximately £50 million.

The Company is expected to join AIM on 14 March 2014 with a market capitalisation at the Placing Price of approximately £560 million.

The Ordinary Shares will trade under the ticker "BOO" and the ISIN number is: JE00BG6L7297. Zeus Capital is acting as NOMAD and Sole Broker to the Company.

Company highlights

· A strong brand identity and competitive position
o Founded in 2006, boohoo has grown rapidly, developing a brand identity and an international online proposition, and now has over 2.3 million active customers, with approximately 140,000 new customers registering on the website per month
o High fashion, high quality and low price products
o Limited number of direct competitors, focused on a similar age group and price point

· Agile supply chain facilitated by a unique 'Trial and Repeat' model
o Trends transferred from catwalk to closet in as little as six weeks
o Low stock cover of just seven to eight weeks

· A successful track record of revenue generation and profit growth
o For the ten months to December 2013, sales increased by 70% to £91.9m and adjusted EBITDA grew 188% to £10.1m (versus £54.1m and £3.5m respectively for the same period in the prior year)
o Exclusively own brand offering, generating gross margins of over 60 per cent

· A highly experienced management team
o Founded by Joint Chief Executives, Mahmud Kamani and Carol Kane, who together have a long history of supplying fashionable clothing, accessories and shoes to high street retailers

· Demonstrated international growth
o Currently operates an English language website for all sales in the UK and globally and a local French language website launched in October 2013
o 37% of sales were international for the ten months to December 2013, growing from £18m to £34m

· A compelling growth market
o The global apparel retail market has grown at an average annual growth rate of 2.8% per annum since 2008 and is expected to be worth £987 billion by 2017. Online retail sales are forecast to take 23.5% of total fashion retail sales by 2016 in the UK
o Expansion of the current product range, will allow boohoo to broaden its appeal, supported by engagement through interactive content and marketing
o The Directors believe that boohoo's exciting growth prospects are underpinned by forecast growth in both the domestic and international online fashion retail markets, the Company's highly efficient sourcing model and a robust infrastructure development plan

Commenting on the announcement, Mahmud Kamani, Joint Chief Executive of boohoo, said:

"We are delighted to announce that our initial public offering has been successful. The placing and Admission to AIM marks a significant step for boohoo as we invest in this exciting growth opportunity underpinned by the rapidly growing online retail market.

We would like to welcome our new shareholders to the Company and look forward to continuing to develop our business providing market leading customer service for on-trend, value led fashion clothing and accessories as a publicly quoted company."

Carol Kane, Joint Chief Executive of boohoo, said:

"boohoo is a lifestyle driven, online destination and the 'go to' for the latest fashion trends at affordable prices. We are confident that our competitive position and growing customer base means that we are well placed to capitalise on the fast growing online fashion retail market. Our success to date, coupled with our exciting expansion plans, makes this an ideal time to bring the Company to AIM."




Enquiries:

boohoo.com plc
Mahmud Kamani, Joint Chief Executive
Carol Kane, Joint Chief Executive
Neil Catto, Chief Financial Officer

c/o Buchanan +44 (0)20 7466 5000
Buchanan - Financial PR adviser
Richard Oldworth
Helen Chan
Gabriella Clinkard

Thanks harry.

StockMarketWire.com
Online fashion group boohoo.com has raised revenue guidance after a record for months to the end of December.

Group revenues rose to a record £228.2m in period up from £114.3m a year ago (an increase of 93% at constant exchange rates) with growth was spread across all geographic regions.

It said group revenue growth for the financial year was now expected to be around 90%, ahead of the previous guidance of around 80%, which was raised from 60% at the interim results in late September.

The group now expects adjusted EBITDA margins to be between 9.25% and 9.75%, narrowing the range from the 9% to 10% as guided at the interim results.

Joint chief executives Mahmud Kamani and Carol Kane said: 'We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands.

'The Black Friday period was our most successful ever and we traded well throughout the period under review. boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year.

' PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year.

'Our focus remains on the customer proposition: offering the best range of the latest fashion at affordable prices, coupled with great customer service.'

Think this deserves a ......... gibby yyyyyyeeeeeeehhhhhhaaaaaaaa

Well........ that was a damp squid!

Looks like a case of 'sell the news', though watching the US financial tv channels, folks are getting a bit nervous about the markets having run out of steam and some are expecting a downturn this year. 10 year bond yields at an all time high (corrected below), some sectors are in bubble territory, QE finished, valuations of many stocks looking too high etc etc....
Who knows, but taking profit at some time soon might be a good strategy.

Re taking profit, I made a start yesterday and plan to continue to do so with all but a handful of stocks.

I wouldn't have thought the 10 year was at an all time high though

Correction.....US 10 yr Bond yield at all time (since 1962) low.....too much of a hurry!

The presumption being that as interest rates nudge up and other income streams become more attractive, equities will suffer as a consequence?

2517george-started doing same thing although it feels a bit like saying goodbye to your "offspring"-anyway £ in the bank are £ in the bank-provided the banks do not go belly up..

2517george-started doing same thing although it feels a bit like saying goodbye to your "offspring"-anyway £ in the bank are £ in the bank-provided the banks do not go belly up..

Citigroup today upgrades its investment rating on Boohoo.com Plc (LON:BOO) to buy (from neutral) and set its price target at 235p

Sold 3/4 of my holding here at 193p will wait for news now.

Look like another pleasing day for me. Profit in the bank.

Very glad I banked some earlier.
Hope April''s finals come in with some good
Numbers or there's going to be trouble ahead.......

Also glad I sold mine a while back. Happy to watch for the time being.

I'm now buying back in dribs and drabs. Hoping
April's figures are good.

Do u think the April's figures would be favourable, balerboy?

Can't see why not. Plus nastygal and pretty little thing
Should...... hopefully be more established now.

But sp seems to be falling each day.

Major share holding buy this morning
Something nice coming me thinks.

Quilter increase holding from 15.09% to 16.32%