Last checked at 14 Apr 2020 10:19
14 April 2020
ASOS Plc
(the "Company")
Director/PDMR Shareholding
On 17 April 2018, ASOS Plc (the "Company") announced that Nicholas Robertson, Non-Executive Director, had granted a pledge in favour of Credit Suisse (UK) Limited ("Credit Suisse") over 1,000,000 ordinary shares of 3.5 pence each in the Company (the "Shares") pursuant to a margin loan facility with Credit Suisse.
The Company announces today that it has been notified that, in order to close his position with Credit Suisse, Nicholas Robertson has had to sell the Shares, which have been sold in the market at a price of £21.00 per share. This has extinguished the pledge and margin loan facility and as a result Credit Suisse no longer holds any security or other interest in any shares in the Company owned by Nicholas Robertson.
Following the disposal, Nicholas Robertson continues to hold 3,636,414 ordinary shares of 3.5 pence each in the Company, representing approximately 3.64% of the Company's issued share capital. Nicholas Robertson has confirmed to the Company that none of these shares are subject to any pledge or other security.
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 | Nicholas Robertson | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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 | Sale of Shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£21.00 | 1,000,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A single transaction
| |
f) | Date of the transaction | 9 April 2020 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
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 | Reduction of grant of security over shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 1,000,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - Single transaction
| |
f) | Date of the transaction | 9 April 2020 | |
g) | Place of the transaction | Outside a trading venue | |
For further information:
ASOS plc Tel: 020 7756 1000
Nick Beighton, Chief Executive
Alison Lygo, Director of Treasury & Investor Relations
Website: www.asosplc.com/investors
Headland Consultancy Tel: 020 3805 4822
Susanna Voyle/Stephen Malthouse/Lindsay Dunford
JPMorgan Cazenove (Nominated Advisor) Tel: 020 7742 4000
Michael Wentworth-Stanley/Bill Hutchings/Christopher Wood
Numis Securities Tel: 020 7260 1000
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 850 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' websites attracted 215.4m visits during February 2020 (February 20191: 170.9m) and as at 29 February 2020 had 22.3m active customers2 (28 February 2019: 19.2m), of which 6.8m were located in the UK and 15.5m were located in international territories (28 February 2019: 6.2m in the UK and 13.0m internationally).
1Restated visits, previously reported number 171.6m, 2Defined as having shopped in the last twelve months as at 29/28 February