Director/PDMR Shareholding

RNS Number : 0655G

ASOS PLC

01 November 2018

 

1 November 2018

ASOS Plc

(the "Company")

Director/PDMR Shareholding

Following vesting of the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"), measured over the performance period 1 September 2015 - 31 August 2018, the Company announces the following transaction in accordance with Article 19 of the EU Market Abuse Regulation.  Further to the initial notification of this ALTIS award on 30 October 2015, the vesting is over conditional shares at nil cost, not options.

After this transaction, Nick Beighton, Chief Executive Officer, has an interest in 163,889 ordinary ASOS Plc shares. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nick Beighton
2	Reason for the notification
a)	Position/status	PDMR - Chief Executive 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 3.5p shares. GB0030927254
b)	Nature of the transaction	Acquisition of ordinary shares, following vesting under the ASOS ALTIS award made on 30 October 2015, of conditional shares at nil cost, measured over the period 1 September 2015 - 31 August 2018.
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	36,194
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	31 October 2018
g)	Place of the transaction	London Stock Exchange, AIM
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	Sale of sufficient ordinary shares to meet tax and national insurance liabilities as a condition of the ALTIS vesting, plus sale of a further 3,000 shares.
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£54.4849	22,808
e)	Aggregated information - Aggregated volume - Price - Aggregated total	22,808 £54.4849 £1,242,691.60
f)	Date of the transaction	31 October 2018
g)	Place of the transaction	London Stock Exchange, AIM

For further information:

ASOS Plc  Nick Beighton, Chief Executive Officer Greg Feehely, Director of Investor Relations Alison Lygo, Investor Relations Manager Website: www.asosplc.com/investors	Tel: [phone]
Instinctif Partners Matthew Smallwood / Justine Warren / Tom Berger	Tel: [phone]
JPMorgan Cazenove  Michael Wentworth-Stanley / Caroline Thomlinson/ Bill Hutchings	Tel: [phone]
Numis Securities Alex Ham / Luke Bordewich / Tom Ballard	Tel: [phone]

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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