8th Aug 2012 07:00
8 August 2012
ASOS plc ("ASOS" or the "Company")
Awards under Performance Share Plan ("PSP")
On 6 August 2012, conditional incentive share awards granted on 5 August 2009 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, Teresa-Lee Westlake, a Person Discharging Managerial Responsibility (PDMR) received 2,986 ordinary shares of 3.5 pence each in the Company ("Ordinary Shares") in accordance with the table set out below.
On 6 and 7 August 2012, Ms Westlake sold a proportion of the shares acquired on the vesting of their awards to fund her tax liabilities.
PDMR | 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 |
Teresa-Lee Westlake | 2,986 | 1,763 | 18.358351 | 1,318 | 3,564 |
For further information:
ASOS plc | |
Nick Robertson, Chief Executive | Tel: 020 7756 1000 |
Nick Beighton, Finance Director | |
Greg Feehely, Head of Investor Relations | |
College Hill | |
Matthew Smallwood / Justine Warren / Jamie Ramsey | 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