5th Aug 2011 14:29
5 August 2011
ASOS plc ("ASOS" or the "Company")
Awards under Performance Share Plan ("PSP")
On 1 August 2011, conditional incentive share awards granted on 30 July 2008 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 151,885 ordinary shares of 3.5 pence each in the Company ("Ordinary Shares") in accordance with the table set out below.
On 3 August 2011, the same directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.
Director | Number of Ordinary Shares acquired | Number of Ordinary Shares disposed of | Price per Ordinary Share received on disposal (£) | Number of Ordinary Shares in the Plan following this transaction | Number of Ordinary Shares held in ASOS following this transaction |
Nicholas Robertson, Chief Executive | 61,635 | 36,376 | 21.6105 | 0 | 7,769,859 |
Robert Bready, Product and Trading Director | 48,427 | 28,581 | 21.6105 | 0 | 184,105 |
Jonathan Kamaluddin, International Director | 41,823 | 24,683 | 21.6105 | 0 | 91,488 |
On 4 August Nick Robertson also sold a further 25,259 Ordinary Shares at a price of £20.1894 per share. Following this sale, Nick Robertson continues to hold 7,744,600 Ordinary Shares.
For further information:
ASOS plc | |
Nick Beighton, Finance Director | Tel: 020 7756 1000 |
College Hill | |
Justine Warren | Tel: 020 7457 2020 |
J.P. Morgan Cazenove | |
Luke Bordewich / Gina Gibson | Tel: 020 7742 7000 |
Numis Securities | |
Alex Ham | Tel: 020 7260 1000 |
Related Shares:
ASOS