ASOS PLC Grant of SAYE Options & Director/PDMR Shareholding (9852G)

TIDMASC

RNS Number : 9852G

ASOS PLC

30 November 2020

30 November 2020

ASOS Plc

(the "Company")

Grant of SAYE Options & Director/PDMR Shareholding

The Company announces that on 27 November 2020 it made a grant of options under the Company's Save As You Earn share scheme, which is available to all employees.

Eligible employees were invited to subscribe for options over the Company's ordinary shares of 3.5 pence each ("Ordinary Shares") at an exercise price of GBP35.27, representing a 20% discount to the closing middle market price of the Ordinary Shares on 30 October 2020, the dealing day before the invitation to participate was made ("SAYE Options"). The SAYE Options have a contract start date of 27 November 2020 and are exercisable between 2 January 2024 and 2 July 2024.

A total of 445 employees elected to participate, and pursuant to these elections a total of 86,170 SAYE Options have been issued.

Nick Beighton, Chief Executive Officer, has elected to subscribe for SAYE Options which are included in the total figures above and detailed further in the table below.

 
 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                            3-year option over ordinary shares of 3.5p 
        the financial                             each 
        instrument, type 
        of instrument 
 
 
        Identification                            GB0030927254 
        code 
      ----------------------------------------  ---------------------------------------------- 
 b)    Nature of the                             Subscription for SAYE Options 
        transaction 
      ----------------------------------------  ---------------------------------------------- 
 c)    Currency                                  GBP 
      ----------------------------------------  ---------------------------------------------- 
 d)    Price(s) and                                    Price(s)                Volume(s) 
        volume(s) 
      ----------------------------------------  ----------------------  ---------------------- 
   GBP35.27                                                              510 
  --------------------------------------------------------------------  ---------------------- 
 
 e)    Aggregated information                     N/A single transaction 
        - Aggregated 
        volume 
        - Price 
        - Aggregated 
        total 
      ----------------------------------------  ---------------------------------------------- 
 f)    Date of the transaction                    27 November 2020 
      ----------------------------------------  ---------------------------------------------- 
 g)    Place of the                              Outside a trading venue 
        transaction 
      ----------------------------------------  ---------------------------------------------- 
 

For further information:

 
 ASOS Plc                              Tel: [phone] 
  Nick Beighton, Chief Executive 
  Officer 
  Mat Dunn, Chief Financial Officer 
  Alison Lygo, Investor Relations 
  Website: www.asosplc.com/investors 
 Headland Consultancy                  Tel: [phone] 
  Susanna Voyle / Stephen Malthouse 
  / Fay Rajaratnam 
 JPMorgan Cazenove                     Tel: [phone] 
  Bill Hutchings / Christopher 
  Wood 
 Numis Securities                      Tel: [phone] 
  Alex Ham / Luke Bordewich 
 

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 850 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 233.4m visits during August 2020 (August 2019: 187.4m) and as at 31 August 2020 had 23.4m active customers (1) (31 August 2019: 20.3m), of which 7.1m were located in the UK and 16.3m were located in international territories (31 August 2019: 6.4m in the UK and 13.9m internationally).

(1) Defined as having shopped in the last 12 months as at 31 August

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November 30, 2020 11:01 ET (16:01 GMT)