1st Oct 2015 07:00
LONDON (Alliance News) - Online fashion retailer boohoo.com Thursday said that Joint Chief Executive Mahmud Kamani has gifted 76.4 million shares to his brother and to a trust established for his children.
Kamani gifted 61.7 million shares, representing 5.5% of the company's issued share capital, to his brother Nurez Kamani, and 14.7 million shares, representing 1.3% of the company's issued share capital, to a trust to be established for his children.
Kamani now holds 198.9 million shares, representing 17.7% of the company's issued share capital.
Altogether, the Kamani Concert Party has a total holding of 479.4 million shares, representing 42.7% of boohoo.com's issued share capital.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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