Performance Share Plan

RNS Number : 3780I

ASOS PLC

18 November 2008

 



18 November 2008

ASOS plc ('ASOS' or the 'Company')

Performance Share Plan

On 18 November 2008, ASOS granted awards under the ASOS Performance Share Plan 2006 (the 'PSP') to members of staff. These awards comprise conditional allocations of ordinary shares of 3.5 pence each in the Company ('Ordinary Shares'), at a value based on the closing price of the Ordinary Shares on 17 November 2008, being 278.0 pence per Ordinary Share, which will vest on 30 July 2011, subject to the satisfaction of the relevant performance conditions set by the remuneration committee. 

The Ordinary Shares to satisfy the above awards will be purchased by the trustee of the PSP in the market in accordance with the rules of the PSP, and a further appropriate announcement will be made in due course.

For further information:

ASOS plc                                                                                    Tel: [phone]

Nick Robertson, Chief Executive

Jon Kamaluddin, Finance Director

Cubitt Consulting                                                                                         Tel: [phone]

Simon Brocklebank-Fowler / James Verstringhe    

JPMorgan Cazenove                        

Luke Bordewich / Gina Gibson                                                          Tel: [phone]

Singer Capital Markets

Nicholas How / Brad Cheng                                                             Tel: [phone]

Note to Editors

ASOS is rapidly becoming the market leader in the UK online fashion world. The business continues to generate profitable growth despite continued investment in operational resources and enjoys strong and increasing barriers to entry.

Established in June 2000 and admitted to AIM in October 2001, ASOS.com is the UK's largest independent online fashion and beauty retailer and offers over 19,400 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,150 new product lines being introduced each week.

Aimed primarily at fashion forward 16-34 year olds, ASOS.com attracts over 4.5 million unique visitors a month and as at 31 October 2008 had 1.88 million registered users and 0.95 million active customers (defined as having shopped in the last 6 months).

 

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