Awards under Performance Share Plan

RNS Number : 8662L

ASOS PLC

05 August 2011

 



5 August 2011

ASOS plc ("ASOS" or the "Company")

Awards under Performance Share Plan ("PSP")

On 1 August 2011, conditional incentive share awards granted on 30 July 2008 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 151,885   ordinary shares of 3.5 pence each in the Company ("Ordinary Shares") in accordance with the table set out below.

On 3 August 2011, the same directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.   

Director	Number of Ordinary Shares acquired	Number of Ordinary Shares disposed of	Price per Ordinary Share received on disposal (£)	Number of Ordinary Shares in the Plan following this transaction	Number of Ordinary Shares held in ASOS following this transaction
Nicholas Robertson, Chief Executive	61,635	36,376	21.6105	0	7,769,859
Robert Bready, Product and Trading Director	48,427	28,581	21.6105	0	184,105
Jonathan Kamaluddin, International Director	41,823	24,683	21.6105	0	91,488

On 4 August Nick Robertson also sold a further 25,259 Ordinary Shares at a price of £20.1894 per share. Following this sale, Nick Robertson continues to hold 7,744,600 Ordinary Shares.

For further information:

ASOS plc
Nick Beighton, Finance Director	Tel: [phone]
College Hill
Justine Warren	Tel: [phone]
J.P. Morgan Cazenove
Luke Bordewich / Gina Gibson	Tel: [phone]
Numis Securities
Alex Ham	Tel: [phone]

 

END

 

 

RDSSSAFDIFFSEEA