Director/PDMR Shareholding

RNS Number : 1402I

ASOS PLC

30 November 2022

 

30 November 2022

ASOS Plc

(the "Company")

Director/PDMR Shareholding

On 28 November 2022, José Antonio Ramos Calamonte, Chief Executive Officer, was granted an award under the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"). The award was granted as nil-cost options over Ordinary Shares.  The award will vest on 31 October 2025 and is subject to the achievement of the following performance conditions:

Measure	Weighting	Threshold (25%)	Maximum (100%)
EPS growth*	30%	61.2p	128.8p
Revenue growth*	30%	2.1% CAGR	8.0% CAGR
Relative TSR	25%	Median	Upper Quartile
ESG	15%	Progress against our Fashion with Integrity goals within the four pillars (Be Diverse; Be Circular; Be Net Zero; and Be Transparent) and achieve the FY23 and FY25 externally stated commitments.

*For Revenue and EPS growth, there is straight-line vesting between Threshold and Target (62.5% vesting) and between Target and Maximum. 

This notification is made in accordance with UK Market Abuse Regulations (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	José Antonio Ramos Calamonte
2	Reason for the notification
a)	Position/status	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 (outlined above) measured over the period 1 September 2022 - 31 August 2025. GB0030927254
b)	Nature of the transaction	Award of conditional shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	271,739
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	28 November 2022
g)	Place of the transaction	London Stock Exchange (XLON)

For further information:

ASOS Plc	Tel: [phone]
José  Antonio Ramos Calamonte, Chief Executive Officer Katy Mecklenburgh, Interim Chief Financial Officer Taryn Rosekilly, Director of Investor Relations Katja Hall, Director of Corporate Affairs Website: www.asosplc.com/investors/
Headland Consultancy	Tel: [phone]
Susanna Voyle / Stephen Malthouse
JPMorgan Cazenove	Tel: [phone]
Bill Hutchings / Will Vanderspar
Numis Securities	Tel: [phone]
Alex Ham / Jonathan Wilcox / Tom Jacob
Berenberg	Tel: [phone]
Michelle Wilson / Richard Bootle

Background note

ASOS is a destination 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 app and mobile/desktop web experience, available in ten languages and in over 200 markets, ASOS customers can shop a curated edit of over 100,000 products, sourced from nearly 900 global and local third-party brands alongside a mix of fashion-led own-brand labels - ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT. 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 delivery and return options, including Next-Day Delivery and Same-Day Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US and Germany.

 

END

 

 

DSHFLFLRLDLIVIF