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1 Dec 2009 15:44
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1 DecemberΒ 2009
ASOS plc ("ASOS" orΒ the "Company")
Awards under Performance Share Plan
On 30Β November 2009, conditional incentive share awards granted on 29 November 2006 under the ASOS Performance Share Plan 2006 (the "Plan") vested in accordance withΒ the terms of the Plan.Β 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 aΒ three-year performance period.Β No consideration was paid for the shares acquired.Β
In satisfaction of these awards, a number of the Company's directors receivedΒ 228,809Β ordinary shares ofΒ 3.5 pence eachΒ in the Company in accordance with the table set out below.Β
OnΒ 1 DecemberΒ certain of the Company's directors sold a proportion of the shares acquired on the vesting of their awardsΒ to fund their tax liabilities.
|
Director |
Number of shares acquired |
Number of shares disposed ofΒ |
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 |
97,159 |
47,392 |
451p |
257,468 |
9,344,824 |
|
Robert Bready, Product and Trading Director |
72,869 |
35,545 |
451p |
267,177 |
71,324 |
|
Jonathan Kamaluddin, International Director |
58,781 |
28,673 |
451p |
216,823 |
30,108 |
The Company was informed by the individuals listed above of the above transactions on 1 DecemberΒ 2009.
For further information:Β
ASOS plcΒ
Nick Beighton, Finance Director Tel: 0207 756 1000Β
Cubitt ConsultingΒ
Brian Coleman-Smith / Nicola Krafft / James Verstringhe Tel: 020 7367 5100Β
J.P.Β Morgan CazenoveΒ
Luke Bordewich / Gina Gibson Tel: 020 7588 2828
Numis Securities
Alex Ham Tel:Β 020 7260 1000
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