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Boohoo awards finance chief £400k in shares

Boohoo.com chief financial officer Neil Catto has been given 1.6 million share options worth £400,000, the young fashion etailer said in a statement.

Around 11 million of ordinary shares worth 1p each were granted to 172 employees on May 22  as part of the company’s employee share option plan.

Catto’s shares will vest in three years if Boohoo hits certain targets such as EBITDA.

In the 12 months to February 28, Boohoo’s full-year sales grew 27% to £139.9m, while EBITDA rose 16% to £14.1m.

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