Director/PDMR Shareholding

RNS Number : 0389X

ASOS PLC

16 December 2019

 

16 December 2019

ASOS Plc

Director/PDMR Shareholding

ASOS Plc ("the Company") announces the vesting of the conditional award over 17,236 ASOS Plc Ordinary Shares (the "Award") granted to Mathew Dunn, Chief Financial Officer, on 30 August 2019, under the terms of the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"), and an associated sale of shares by Mathew Dunn to cover the tax liabilities arising in respect of the vesting.  This Award was granted in replacement of awards forfeited on leaving his previous employment, as referred to in the announcement of 2 September 2019, and the date of vesting reflects the vesting of the original award that was forfeited.

Following this transaction, Mathew Dunn has an interest in 8,797 ASOS Plc Ordinary Shares. 

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014. 

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	Acquisition of ordinary shares, following vesting of conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS")
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	17,236
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	16 December 2019
g)	Place of the transaction	Outside a trading venue
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 shares to cover tax liabilities arising on the vesting of conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS")
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		£30.47	9,433
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A single transaction
f)	Date of the transaction	16 December 2019
g)	Place of the transaction	London Stock Exchange, AIM

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                                      

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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