New number of shares and votes in Boozt
Boozt AB (publ) (”Boozt”) has today, on 31 May 2017, been admitted to trading on Nasdaq Stockholm. In connection with the listing, Boozt has carried out an offset issue and an issue of new shares as described in Boozt’s prospectus, which was published on 17 May 2017. The offset issue and the issue of new shares have been registered with the Swedish Companies Registration Office today.
As of 31 May 2017, the last trading day of the month, the number of shares and votes in Boozt amount to 55,551,901.
For further information, please contact:
Hermann Haraldsson, CEO / heha@boozt.com / +45 20 94 03 95
Johan Holmqvist, Head of Investor Relations and Corporate Communications / jnh@boozt.com / +46 708 376 677
This information is such information that Boozt AB (publ) is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, at 17:31 CET on 31 May 2017.
About Boozt
Boozt is a leading[1] , fast-growing and profitable Nordic technology company selling fashion online. The Company offers its customers a curated and contemporary selection of fashion brands, relevant to a variety of lifestyles, mainly through its multi-brand webstore Boozt.com. The Company’s webstores attract more than five million sessions per month[2] as a result of a convenient shopping experience with high service levels (including consistent user experiences across both mobile devices and desktop), quick deliveries and easy returns. Boozt targets Nordic fashion followers, primarily consumers aged 25-54 that value convenience in their customer experience and which tend to generate a high average order value (“AOV”).
The Company operates a tailor-made, integrated technology platform that enables the Company to manage the customer experience and to accommodate further growth. Fulfilment is executed through the automated fulfilment centre, strategically located in Ängelholm, with a total area of 43,500 m2 (77,000 m2 at maximum build-out), 130 picking robots and a current capacity exceeding 450,000 stock keeping unit locations, that enable next-day delivery to many Nordic areas.
Boozt has a strong track-record of growth, mainly driven by the fast evolution of Boozt.com, which grew net revenue by a CAGR of 69 per cent between 2014 and 2016, with gradually improving profitability. Boozt’s strong online market position and its competitive customer offering have enabled Boozt to attract new customers and increase the number of orders from returning customers. The Company, which is headquartered in Malmö, has run current operations since 2011 and had 193 employees from more than 25 countries as of 31 December 2016.
[1] Company calculations based on online sales in the Nordic apparel market in 2016 for all of Boozt’s competitors from Euromonitor International (a statistics database), of which online sales for the largest competitors on the market (Zalando, H&M, Boozt, Ellos, Nelly, Stylepit and Bestseller) have been analysed using publicly available information, such as 2016 annual reports, press releases and other available information on the respective website.
[2] Source: Company information; monthly average based on Company data for 2016.
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