Awards under Performance Shar

RNS Number : 4081D

ASOS PLC

01 December 2009

 



1 December 2009

ASOS plc ("ASOS" or the "Company")

Awards under Performance Share Plan

On 30 November 2009, conditional incentive share awards granted on 29 November 2006 under the ASOS Performance Share Plan 2006 (the "Plan") vested in accordance with the terms of the Plan. These awards vested in full in accordance with the performance conditions applicable to those awards based on the Company's earnings per share growth over a three-year performance period. No consideration was paid for the shares acquired.    

In satisfaction of these awards, a number of the Company's directors received 228,809 ordinary shares of 3.5 pence each in the Company in accordance with the table set out below. 

On 1 December certain of the Company's directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.   

Director	Number of shares acquired	Number of shares disposed of	Price per share received on disposal	Number of shares in the Plan following this transaction	Number of shares held in ASOS following this transaction
Nicholas Robertson, Chief Executive	97,159	47,392	451p	257,468	9,344,824
Robert Bready, Product and Trading Director	72,869	35,545	451p	267,177	71,324
Jonathan Kamaluddin, International Director	58,781	28,673	451p	216,823	30,108

The Company was informed by the individuals listed above of the above transactions on 1 December 2009.

For further information: 

ASOS plc 

Nick Beighton, Finance Director                                             Tel: [phone] 

Cubitt Consulting 

Brian Coleman-Smith / Nicola Krafft / James Verstringhe             Tel: [phone] 

J.P. Morgan Cazenove 

Luke Bordewich / Gina Gibson                                                Tel: [phone]

Numis Securities    

Alex Ham                                                                           Tel: [phone]

 

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