Awards under Performance Shar

RNS Number : 2972P

ASOS PLC

13 July 2010

 



13 July 2010

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

Awards under Performance Share Plan

On 12 July 2010, conditional incentive share awards granted on 10 July 2007 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 589,583   ordinary shares of 3.5 pence each in the Company in accordance with the table set out below.

On 13 July 2010, the same directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.   

Director	Number of shares acquired	Number of shares disposed of	Price per share received on disposal	Number of shares in the Plan following this transaction	Number of shares held in ASOS following this transaction
Nicholas Robertson, Chief Executive	195,833	112,633	881p	61,635	9,428,024
Robert Bready, Product and Trading Director	218,750	125,815	881p	48,427	164,259
Jonathan Kamaluddin, International Director	175,000	100,652	881p	41,823	74,348

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]

 

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