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IN BRIEF: boohoo Co-Founder Kane buys shares after shareholder vote

ALN

boohoo Group PLC - Manchester, England-based online fast fashion retailer - Co-Founder & Executive Director Carol Kane buys 330,295 shares at 30.20 pence, worth £99,749, on Tuesday. That day, boohoo shareholders rejected a proposal by Frasers Group PLC to remove Kane’s co-founder, Vice Chair Mahmud Kamani, from the board. In December, Frasers had tried to appoint its own founder and former chief executive, Mike Ashley, to boohoo’s board, which also was rejected by boohoo shareholders.

Current stock price: 30.00 pence

12-month change: down 12%

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