1st Dec 2009 15:44
1 December 2009
ASOS plc ("ASOS" or the "Company")
Awards under Performance Share Plan
On 30 November 2009, conditional incentive share awards granted on 29 November 2006 under the ASOS Performance Share Plan 2006 (the "Plan") vested in accordance with the terms of the Plan. These awards vested in full in accordance with the performance conditions applicable to those awards based on the Company's earnings per share growth over a three-year performance period. No consideration was paid for the shares acquired.
In satisfaction of these awards, a number of the Company's directors received 228,809 ordinary shares of 3.5 pence each in the Company in accordance with the table set out below.
On 1 December certain of the Company's directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.
|
Director |
Number of shares acquired |
Number of shares disposed of |
Price per share received on disposal |
Number of shares in the Plan following this transaction |
Number of shares held in ASOS following this transaction |
|
Nicholas Robertson, Chief Executive |
97,159 |
47,392 |
451p |
257,468 |
9,344,824 |
|
Robert Bready, Product and Trading Director |
72,869 |
35,545 |
451p |
267,177 |
71,324 |
|
Jonathan Kamaluddin, International Director |
58,781 |
28,673 |
451p |
216,823 |
30,108 |
The Company was informed by the individuals listed above of the above transactions on 1 December 2009.
For further information:
ASOS plc
Nick Beighton, Finance Director Tel: 0207 756 1000
Cubitt Consulting
Brian Coleman-Smith / Nicola Krafft / James Verstringhe Tel: 020 7367 5100
J.P. Morgan Cazenove
Luke Bordewich / Gina Gibson Tel: 020 7588 2828
Numis Securities
Alex Ham Tel: 020 7260 1000
Related Shares:
ASOS