Fast fashion giant Boohoo has handed more than 60,000 shares to its non-executive directors are part of their compensation package.
The Manchester-headquartered company has issued 63,761 new ordinary shares at 94.1p each.
They represent the share compensation due for the financial year ending February 28, 2022, and are subject to lock in provisions for as long as the recipient remains a director of Boohoo.
READ MORE: Boohoo advert banned after complaint about objectifying women
According to a statement issued to the London Stock Exchange, deputy chairman Brian Small has received shares worth £20,000.
The other four non-executive directors have each been handed shares worth £10,000.
Shaun McCabe is currently chief financial officer at Trainline while he is also a non-executive director at AO.
Tim Morris is currently group general counsel company secretary at TalkTalk and previously held similar positions with Carphone Warehouse.
Iain McDonald has received the shares less than a month after he made a further investment in Boohoo worth more than £300,000.
Mr McDonald has been a non-executive director of Boohoo since June 2017 and also currently sits on the board of THG.
Kirsty Britz is currently director of sustainable banking at NatWest Group.
