Director/PDMR Shareholding

RNS Number : 2571E

ASOS PLC

02 July 2019

 

2 July 2019

ASOS Plc

(the "Company")

Director/PDMR Shareholding

ASOS Plc (the "Company") announces that Mathew Dunn, Chief Financial Officer, has been granted a conditional award over 22,216 ASOS Plc Ordinary Shares (the "Award") under the terms of the ASOS Plc Long Term Incentive Scheme (the "ALTIS").  The Award is subject to stretching performance conditions which are assessed over the period 1 September 2018 to 31 August 2021.  The number of shares subject to the Award has been calculated based on the average market price over the five dealing days prior to Mr Dunn's appointment as Chief Financial Officer of the Company on 23 April 2019. 

The Company announces the following transaction, in accordance with Article 19 of the EU Market Abuse Regulation:  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mathew 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	Ordinary shares of 3.5 pence each  GB0030927254
b)	Nature of the transaction	Conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS"), subject to performance conditions measured over the period 1 September 2018 - 31 August 2021 as below: 30% EPS 30% TSR 30% Sales growth 10% NPS (Net promoter score).
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	22,216
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	28 June 2019
g)	Place of the transaction	London Stock Exchange, AIM

ASOS Plc  Nick Beighton, Chief Executive Officer Alison Lygo, Head of Investor Relations 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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