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16 Dec 2019 15:32
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: 020 7756 1000
Nick Beighton, Chief Executive
Alison Lygo, Head of 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
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 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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