Last checked at 30 Nov 2020 16:01
30 November 2020
ASOS Plc
(the "Company")
Grant of SAYE Options & Director/PDMR Shareholding
The Company announces that on 27 November 2020 it made a grant of options under the Company's Save As You Earn share scheme, which is available to all employees.
Eligible employees were invited to subscribe for options over the Company's ordinary shares of 3.5 pence each ("Ordinary Shares") at an exercise price of £35.27, representing a 20% discount to the closing middle market price of the Ordinary Shares on 30 October 2020, the dealing day before the invitation to participate was made ("SAYE Options"). The SAYE Options have a contract start date of 27 November 2020 and are exercisable between 2 January 2024 and 2 July 2024.
A total of 445 employees elected to participate, and pursuant to these elections a total of 86,170 SAYE Options have been issued.
Nick Beighton, Chief Executive Officer, has elected to subscribe for SAYE Options which are included in the total figures above and detailed further in the table below.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Nick Beighton | |
2 | Reason for the notification | ||
a) | Position/status | PDMR - 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 | 3-year option over ordinary shares of 3.5p each
GB0030927254 | |
b) | Nature of the transaction | Subscription for SAYE Options | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£35.27 | 510 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A single transaction
| |
f) | Date of the transaction | 27 November 2020 | |
g) | Place of the transaction | Outside a trading venue | |
For further information:
ASOS Plc Nick Beighton, Chief Executive Officer Mat Dunn, Chief Financial Officer Alison Lygo, Investor Relations Website: www.asosplc.com/investors
| Tel: 020 7756 1000 |
Headland Consultancy Susanna Voyle / Stephen Malthouse / Fay Rajaratnam
| Tel: 020 3805 4822 |
JPMorgan Cazenove Bill Hutchings / Christopher Wood
| Tel: 020 7742 4000 |
Numis Securities Alex Ham / Luke Bordewich | Tel: 020 7260 1000 |
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's websites attracted 233.4m visits during August 2020 (August 2019: 187.4m) and as at 31 August 2020 had 23.4m active customers1 (31 August 2019: 20.3m), of which 7.1m were located in the UK and 16.3m were located in international territories (31 August 2019: 6.4m in the UK and 13.9m internationally).
1 Defined as having shopped in the last 12 months as at 31 August