Last checked at 26 Mar 2009 09:02
26 March 2009
ASOS plc ('ASOS' or the 'Company')
Performance Share Plan
On 25 March 2009, ASOS granted awards under the ASOS Performance Share Plan 2006 (the "PSP") to members of staff. These awards comprise conditional allocations of ordinary shares of 3.5 pence each in the Company ("Ordinary Shares"), at a value based on the closing price of the Ordinary Shares on 24 March 2009, being 300.0 pence per Ordinary Share, which will vest on 30 July 2011, subject to the satisfaction of the relevant performance conditions set by the remuneration committee.
The Ordinary Shares to satisfy the above awards will be purchased by the trustee of the PSP in the market in accordance with the rules of the PSP, and a further appropriate announcement will be made in due course.
For further information:
ASOS plc Tel: 020 7756 1000
Nick Robertson, Chief Executive
Jon Kamaluddin, Finance Director
Cubitt Consulting Tel: 020 7367 5100
Simon Brocklebank-Fowler / James Verstringhe
JPMorgan Cazenove
Luke Bordewich / Gina Gibson Tel: 020 7588 2828
Singer Capital Markets
Nicholas How / Brad Cheng Tel: 020 3205 7500
Note to Editors
ASOS is rapidly becoming the market leader in the UK online fashion world. The business continues to generate profitable growth despite continued investment in operational resources and enjoys strong and increasing barriers to entry.
Established in June 2000 and admitted to AIM in October 2001, ASOS.com is the UK's largest independent online fashion and beauty retailer and offers over 17,500 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,150 new product lines being introduced each week.
Aimed primarily at fashion forward 16-34 year olds, ASOS.com attracts over 5.2 million unique visitors a month and as at 16 January 2009 had 2.2 million registered users and 1.2 million active customers (defined as having shopped in the last 6 months).