Director/PDMR Shareholding

RNS Number : 2571E
ASOS PLC
02 July 2019
 

2 July 2019

ASOS Plc

(the "Company")

 

Director/PDMR Shareholding

 

ASOS Plc (the "Company") announces that Mathew Dunn, Chief Financial Officer, has been granted a conditional award over 22,216 ASOS Plc Ordinary Shares (the "Award") under the terms of the ASOS Plc Long Term Incentive Scheme (the "ALTIS").  The Award is subject to stretching performance conditions which are assessed over the period 1 September 2018 to 31 August 2021.  The number of shares subject to the Award has been calculated based on the average market price over the five dealing days prior to Mr Dunn's appointment as Chief Financial Officer of the Company on 23 April 2019. 

 

The Company announces the following transaction, in accordance with Article 19 of the EU Market Abuse Regulation:  

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Mathew Dunn

2

Reason for the notification

a)

Position/status

 PDMR - Chief Financial Officer

b)

Initial notification / Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 ASOS Plc

b)

Legal Entity Identifier

 213800H8DBB8JSKDW630

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

 

Identification code

Ordinary shares of 3.5 pence each

 

 

 

 

 GB0030927254

b)

Nature of the transaction

Conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS"), subject to performance conditions measured over the period 1 September 2018 - 31 August 2021 as below:

30% EPS

30% TSR

30% Sales growth

10% NPS (Net promoter score).

 

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

22,216

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 N/A single transaction

 

f)

Date of the transaction

28 June 2019

g)

Place of the transaction

London Stock Exchange, AIM

 

ASOS Plc 

Nick Beighton, Chief Executive Officer
Alison Lygo, Head of Investor Relations
Website: 
www.asosplc.com/investors

 

Tel: 020 7756 1000

Instinctif Partners

Matthew Smallwood / Justine Warren / Tom Berger 

 

Tel: 020 7457 2020

JPMorgan Cazenove 

Michael Wentworth-Stanley / Caroline Thomlinson/ Bill Hutchings

 

Tel: 020 7742 4000

Numis Securities

Alex Ham / Luke Bordewich / Tom Ballard

Tel: 020 7260 1000

 

Background note

 

ASOS is a global fashion destination for 20-somethings, selling all the freshest styles complemented by exclusive content, making ASOS.com the hub of a thriving fashion community and giving our audience the confidence to be whoever they want to be. ASOS sells over 87,000 branded and ASOS Brand products through localised app and mobile/desktop web experiences, delivering from fulfilment centres in the UK, US and Europe. ASOS curates a mix of our in-house designed labels, ASOS DESIGN, ASOS EDITION, ASOS WHITE and ASOS 4505, with global and local brands sold through our own channels to deliver a locally relevant offer. Our ground-breaking propositions help bring our amazing products to almost every country in the world and we serve customers globally with increasingly tailored local experiences: relevant languages, payment methods and delivery and return options. You can currently shop ASOS in over 200 markets, in eight languages, using an ever greater number of different payment methods, with hundreds of local deliveries and returns options from pick up and drop off networks to Next-Day Delivery. We aim to give all our global customers a truly frictionless experience.

ASOS's websites attracted 157.2m visits during August 2018 (August 2017: 135.7m) and as at 31 August 2018 had 18.4m active customers1 (31 August 2017: 15.4m), of which 6.0m were located in the UK and 12.4m were located in international territories (31 August 2017: 5.2m in the UK and 10.2m internationally).

1 Defined as having shopped in the last twelve months as at 31 August

 


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