Last checked at 24 Oct 2013 12:04
24 October 2013
ASOS plc (the "Company")
Directors' Shareholdings
On 24 May 2012 the Company announced that under the Management Incentive Plan (the "Plan") it approved the exchange of subordinated ordinary shares in ASOS.com Limited, for a total of 4,000,822 ordinary shares with a nominal value of 3.5 pence each in ASOS Plc ("Ordinary Shares"), which were allotted to the participants in the Plan.
The Company has been notified that on 23 October 2013 the following Directors sold shares that they had received under the Plan, after the release of the second tranche under the Plan on 30 September 2013.
The details relating to the share sale were as follows:
Director
|
Number of shares received under the Plan | Number of shares released under the Plan on 30 September 2013 | Number of shares sold under the Plan on 23 October 2013 |
Price per share received on disposal (GBP) |
Number of shares held in ASOS Plc following this transaction |
Nicholas Robertson, Chief Executive Officer | 1,489,584 | 744,792 | 744,792 | 50.00 | 7,744,600 |
Nicholas Beighton, Chief Finance Officer | 730,188 | 365,094 | 240,000 | 50.00 | 127,794 |
Further to this, the Company has been notified that, Nick Robertson, the Company's Chief Executive Officer, has exercised and sold options over 840,000 ordinary shares of 3.5 pence each ("Ordinary Shares") at exercise prices as detailed below:
Name |
No of options exercised |
Option Price (£) |
Number of shares sold | Price per share received on disposal (£) |
Nicholas Robertson, Chief Executive Officer |
140,000
|
0.565 |
140,000 |
50.00
|
500,000
|
0.575 |
500,000 | ||
200,000
|
0.98 |
200,000 |
Following this transaction, Mr. Robertson holds 7,744,600 shares in the Company. This is approximately 9.4% of the Company's issued share capital.
Application will be made for the 840,000 new Ordinary Shares to be admitted to trading on AIM. These new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company and dealings in the new Ordinary Shares are expected to commence on 30 October 2013.
For further information: | |
ASOS plc | |
Greg Feehely, Head of Investor Relations | Tel: 020 7756 1000 |
College Hill | |
Matthew Smallwood/Justine Warren/Jamie Ramsay | Tel: 020 7457 2020 |
JPMorgan Cazenove | |
Gina Gibson | Tel: 020 7742 4000 |