Director/PDMR Shareholding

RNS Number : 2646U

ASOS PLC

21 November 2019

 

21 November 2019

ASOS Plc

(the "Company")

Director/PDMR Shareholding

On 20 November 2019, the following Directors were granted awards under the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"). The awards were granted as nil-cost options over Ordinary Shares.  The awards will vest on 31 October 2022 and are subject to the achievement of performance conditions.

Director/PDMR	Number of shares
Nick Beighton - CEO	31,609
Mat Dunn - CFO	27,173

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

The Notification of Dealing Forms for each PDMR can be found below.

For further information:

ASOS plc                                                                                  Tel: [phone]

Nick Beighton, Chief Executive

Alison Lygo, Head of Investor Relations

Website: www.asosplc.com/investors

Headland Consultancy                                                            Tel: [phone]

Susanna Voyle/Stephen Malthouse/Lindsay Dunford                     

JPMorgan Cazenove (Nominated Advisor)                           Tel: [phone]

Michael Wentworth-Stanley/Bill Hutchings

Numis Securities                                                                     Tel: [phone]

Alex Ham/Luke Bordewich/Tom Ballard                                      

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	Conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS"), subject to performance conditions measured over the period 1 September 2019 - 31 August 2022 as below: 35% EPS 30% TSR 35% Revenue growth.  GB0030927254
b)	Nature of the transaction	Award of conditional shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	31,609
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	20 November 2019
g)	Place of the transaction	London Stock Exchange, AIM

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mat 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	Conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS"), subject to performance conditions measured over the period 1 September 2019 - 31 August 2022 as below: 35% EPS 30% TSR 35% Revenue growth.  GB0030927254
b)	Nature of the transaction	Award of conditional shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	27,173
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	20 November 2019
g)	Place of the transaction	London Stock Exchange, AIM

Background note

ASOS is an online retailer for fashion-loving 20-somethings around the world, with a purpose to give its customers the confidence to be whoever they want to be. Through its market-leading app and mobile/desktop web experience, available in ten languages and in over 200 markets, ASOS customers can shop a curated edit of 85,000 products, sourced from 800 of the best global and local third-party brands and its mix of fashion-led in-house labels - ASOS Design, ASOS Edition, ASOS 4505 and Collusion. ASOS aims to give all of its customers a truly frictionless experience, with an ever-greater number of different payment methods and hundreds of local deliveries and returns options, including Next-Day and Same-Day Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US and Germany.

ASOS's websites attracted 187.4m visits during August 2019 (August 2018: 157.2m) and as at 31 August 2019 had 20.3m active customers¹ (31 August 2018: 18.4m), of which 6.4m were located in the UK and 13.9m were located in international territories (31 August 2018: 6.0m in the UK and 12.4m internationally).

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

 

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