ASOS PLC Director/PDMR Shareholding (2048S)

TIDMASC

RNS Number : 2048S

ASOS PLC

04 November 2019

4 November 2019

ASOS Plc

(the "Company")

Director/PDMR Shareholding

Following vesting of the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"), measured over the performance period 1 September 2016 - 31 August 2019, the Company announces the following transactions in accordance with Article 19 of the EU Market Abuse Regulation. Further to the initial notification of this ALTIS award on 16 December 2016, the vesting is over conditional shares at nil cost, not options.

After these transactions, Nick Beighton, Chief Executive Officer, has an interest in 172,499 ordinary ASOS Plc shares.

 
 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                    Initial notification 
        / Amendment 
      -------------------------------------  ----------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                    ASOS Plc 
      -------------------------------------  ----------------------------------------------- 
 b)    Legal Entity                            213800H8DBB8JSKDW630 
        Identifier 
      -------------------------------------  ----------------------------------------------- 
 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                         Ordinary 3.5p shares. 
        the financial 
        instrument, type 
        of instrument 
                                               GB0030927254 
        Identification 
        code 
      -------------------------------------  ----------------------------------------------- 
 b)    Nature of the                          Acquisition of ordinary shares, following 
        transaction                            vesting under the ASOS ALTIS award made 
                                               on 16 December 2016, of conditional shares 
                                               at nil cost, measured over the period 1 
                                               September 2016 - 31 August 2019. 
      -------------------------------------  ----------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ----------------------------------------------- 
 d)    Price(s) and                                   Price(s)                Volume(s) 
        volume(s) 
      -------------------------------------  -------------------------  -------------------- 
   Nil                                                                    5,736 
  --------------------------------------------------------------------  -------------------- 
 
 e)    Aggregated information                 N/A single transaction 
        - Aggregated 
        volume 
 
        - Price 
 
        - Aggregated 
        total 
      -------------------------------------  ----------------------------------------------- 
 f)    Date of the transaction                 31 October 2019 
      -------------------------------------  ----------------------------------------------- 
 g)    Place of the                           London Stock Exchange, AIM 
        transaction 
      -------------------------------------  ----------------------------------------------- 
 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                         Ordinary shares of 3.5 pence each 
        the financial 
        instrument, type 
        of instrument 
                                               GB0030927254 
        Identification 
        code 
      -------------------------------------  ----------------------------------------------- 
 b)    Nature of the                          Sale of sufficient ordinary shares to meet 
        transaction                            tax and national insurance liabilities 
                                               as a condition of the ALTIS vesting 
      -------------------------------------  ----------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ----------------------------------------------- 
 d)    Price(s) and                                   Price(s)                Volume(s) 
        volume(s) 
      -------------------------------------  -------------------------  -------------------- 
    GBP34.5875                                                            3,140 
  --------------------------------------------------------------------  -------------------- 
 
 e)    Aggregated information 
        - Aggregated 
        volume                                  3,140 
 
        - Price                                 GBP34.5875 
 
        - Aggregated                            GBP108,604.75 
        total 
      -------------------------------------  ----------------------------------------------- 
 f)    Date of the transaction                 31 October 2019 
      -------------------------------------  ----------------------------------------------- 
 g)    Place of the                           London Stock Exchange, AIM 
        transaction 
      -------------------------------------  ----------------------------------------------- 
 

For further information:

ASOS plc Tel: [phone]

Nick Beighton, Chief Executive

Alison Lygo, Head of Investor Relations

Website: www.asosplc.com/investors

   Headland Consultancy                                                            Tel: [phone] 

Susanna Voyle/Stephen Malthouse/Lindsay Dunford

   JPMorgan Cazenove (Nominated Advisor)                           Tel: [phone] 

Michael Wentworth-Stanley/Bill Hutchings

Numis Securities Tel: [phone]

Alex Ham/Luke Bordewich/Tom Ballard

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 800 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 187.4m visits during August 2019 (August 2018: 157.2m) and as at 31 August 2019 had 20.3m active customers(1) (31 August 2018: 18.4m), of which 6.4m were located in the UK and 13.9m were located in international territories (31 August 2018: 6.0m in the UK and 12.4m internationally).

(1) Defined as having shopped in the last twelve months as at 31 August

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHLLFIELALSIIA

(END) Dow Jones Newswires

November 04, 2019 10:11 ET (15:11 GMT)