The finance director of Boohoo.com Neil Catto has been awarded 2 million shares in the company valued at £1.3 million at today's stock price.
The options will vest in three years and will be made available subject to profit-linked performance criteria.
Catto was granted more than a fifth of the 9.7 million shares issued by Boohoo Plc to employees. Boohoo shares fell today following an announcement from Asos which spooked the market and were trading at 63 pence mid-afternoon.
Boohoo issued shares on the London Stock Market's Aim list last week at 50 pence *. The price rose to 70 pence at the close of trading on Friday.
Founders Mahmud Kamani and Carol Kane became millionaires following the IPO (initial public offering) and still retain singnificant stakes in the business.
* Boohoo rebounded by the close of the market today to 67.5 pence, up 1 pence. Asos ended the day at £58.00, down 8.3 per cent (updated 8:03 pm).
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