City tour: Boohoo; musicMagpie; JD Sports Fashion

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Manchester’s online retail group Boohoo has issued shares to nearly 1,400 employees as part of its Save As You Earn share program for 2021.

He announced that eligible staff were invited to subscribe to options on ordinary shares of 1p each of the company, with an exercise price of 154.48p, i.e. a discount of 20% on the average closing price of ordinary shares. October 6, 2021, the day before the invitation to participate.

The options have a contract start date of December 1, 2021 and can be exercised between December 1, 2024 and May 31, 2025.

The retailer said a total of 1,387 employees have elected to participate in the program and that a total of 6,144,989 common stock options have been issued on November 1, 2021, representing 0.48% of the current share capital. issued from the group.

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Matthew Fowler

The board of directors of musicMagpie, based in Stockport, the UK-US re-commerce company specializing in refurbished consumer tech, announced the appointment of Matthew Fowler, 47, as executive director and chief financial officer.

His start date will be confirmed in due course and he will join the Board of Directors upon his appointment, which follows the promotion of Ian Storey to Group COO at the time of his appointment. the company’s IPO in April this year.

Matthew joins musicMagpie from Manchester-based molecular testing company Genedrive, where he has been CFO since 2016.

Prior to joining genedrive, Matthew spent eight years as Financial Controller of Manchester-based wound care specialist Scapa Group. Previously, he spent three years at British Nuclear Group as CFO, after having been trained and qualified in the audit department of Deloitte & Touche.

Martin Hellawell, President of musicMagpie, said, “On behalf of the Board of Directors, I am delighted to welcome Matthew to musicMagpie. Her experience working in senior positions for AIM listed companies and her considerable financial and operational expertise will be of immense benefit to musicMagpie as she continues her journey as a public company.

Matthew Fowler said: “I am extremely pleased to join a company of the caliber and ambition of musicMagpie. Given its unique circular economy model and consumer and societal trends, it is clear to me that the group has significant growth potential.

“The group’s impressive ESG credentials were also a major factor in my decision to join. I look forward to working with Steve, Ian and the rest of the team to realize the group’s strategic plans for the future.

Ian Gilham, president of genedrive, said: “I would like to thank Matthew for his contribution over the past five years. The Board of Directors and I wish him the best for the future and in his new role.

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Peter Cowgill

JD Sports Fashion, the Bury-based retailer of sports, fashion and outdoor brands, has announced the appointment of Helen Ashton as non-executive director, effective November 15, 2021.

Helen has 30 years of experience in publicly and privately funded companies and is a Chartered Management Accountant. As the former CFO of ASOS, Helen has extensive knowledge of high growth digital fashion in an international arena.

She has also held senior positions at ASDA, Barclays and Lloyds Banking Group and CEO positions in high growth companies backed by private capital.

Peter Cowgill, Executive Chairman of JD Sports, said: “I am delighted to announce that Helen Ashton has joined the JD Board of Directors. Helen brings extensive experience in retail, digital and finance.

“Helen will assume the role of Chair of the Audit Committee and play a critical role on the Board of Directors as we enter a period of transition to a new audit firm.

“The Trustees of JD are delighted to welcome Helen to the Board of Directors and are encouraged by the progress made in strengthening the Board of Directors with the appointment of new members with extensive skills, experience and expertise,” for the benefit of all stakeholders. “


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