City shorts: Boohoo incentive scheme; NEDs buy at Fairpoint

MANCHESTER-based online own brand fashion retailer Boohoo has granted share options to senior managers for a total of 988,000 shares.

The AIM company said the options granted have a vesting period of three years, a total exercise period of 10 years, an exercise price of 50p per Ordinary Share (the “Placing Price”) and are subject to the achievement of EBITDA linked performance criteria.

The Dale Street-based group said the options were granted to “newly appointed, non- board staff members.”

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THREE non-executive directors of Fairpoint the debt solutions and legal services provider, have bought shares in the AIM-listed Chorley company.

Chairman David Harrel and non-executive director Mike Fletcher, the corporate financier, both shelled out nearly £25,000 to buy 18,450 shares at 135.5p per share, while Amanda West bought 7,380 shares at the same price.

Prior to these purchases the trio did not own any Fairpoint stock.