Last checked at 30 Nov 2022 16:18
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 | ||
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e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A single transaction
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f) | Date of the transaction | 28 November 2022 | |
g) | Place of the transaction | London Stock Exchange (XLON)
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For further information:
ASOS Plc | Tel: 020 7756 1000 |
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/ | |
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Headland Consultancy | Tel: 020 3805 4822 |
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Susanna Voyle / Stephen Malthouse | |
JPMorgan Cazenove | Tel: 020 7742 4000 |
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Bill Hutchings / Will Vanderspar | |
Numis Securities | Tel: 020 7260 1000 |
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Alex Ham / Jonathan Wilcox / Tom Jacob |
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Berenberg | Tel: 020 3207 7800 |
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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.