ASOS PLC Director/PDMR Shareholding (0655G)

TIDMASC

RNS Number : 0655G

ASOS PLC

01 November 2018

1 November 2018

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 2015 - 31 August 2018, the Company announces the following transaction in accordance with Article 19 of the EU Market Abuse Regulation. Further to the initial notification of this ALTIS award on 30 October 2015, the vesting is over conditional shares at nil cost, not options.

After this transaction, Nick Beighton, Chief Executive Officer, has an interest in 163,889 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 30 October 2015, of conditional shares 
                                               at nil cost, measured over the period 1 
                                               September 2015 - 31 August 2018. 
      -------------------------------------  ---------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ---------------------------------------------- 
 d)    Price(s) and                                   Price(s)               Volume(s) 
        volume(s) 
      -------------------------------------  -------------------------  ------------------- 
   Nil                                                                    36,194 
  --------------------------------------------------------------------  ------------------- 
 
 e)    Aggregated information                 N/A single transaction 
        - Aggregated 
        volume 
 
        - Price 
 
        - Aggregated 
        total 
      -------------------------------------  ---------------------------------------------- 
 f)    Date of the transaction                 31 October 2018 
      -------------------------------------  ---------------------------------------------- 
 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, plus 
                                               sale of a further 3,000 shares. 
      -------------------------------------  ---------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ---------------------------------------------- 
 d)    Price(s) and                                   Price(s)               Volume(s) 
        volume(s) 
      -------------------------------------  -------------------------  ------------------- 
    GBP54.4849                                                            22,808 
  --------------------------------------------------------------------  ------------------- 
 
 e)    Aggregated information 
        - Aggregated 
        volume                                  22,808 
 
        - Price                                 GBP54.4849 
 
        - Aggregated                            GBP1,242,691.60 
        total 
      -------------------------------------  ---------------------------------------------- 
 f)    Date of the transaction                 31 October 2018 
      -------------------------------------  ---------------------------------------------- 
 g)    Place of the                           London Stock Exchange, AIM 
        transaction 
      -------------------------------------  ---------------------------------------------- 
 

For further information:

 
 ASOS Plc                                   Tel: 020 
  Nick Beighton, Chief Executive Officer     7756 1000 
  Greg Feehely, Director of Investor 
  Relations 
  Alison Lygo, Investor Relations Manager 
  Website: www.asosplc.com/investors 
 Instinctif Partners                        Tel: 020 
  Matthew Smallwood / Justine Warren         7457 2020 
  / Tom Berger 
 JPMorgan Cazenove                          Tel: 020 
  Michael Wentworth-Stanley / Caroline       7742 4000 
  Thomlinson/ Bill Hutchings 
 Numis Securities                           Tel: 020 
  Alex Ham / Luke Bordewich / Tom Ballard    7260 1000 
 

Background note

ASOS is a global fashion destination for 20-somethings, selling all the freshest styles complemented by exclusive content, making ASOS.com the hub of a thriving fashion community and giving our audience the confidence to be whoever they want to be. ASOS sells over 87,000 branded and ASOS Brand products through localised app and mobile/desktop web experiences, delivering from fulfilment centres in the UK, US and Europe. ASOS curates a mix of our in-house designed labels, ASOS DESIGN, ASOS EDITION, ASOS WHITE and ASOS 4505, with global and local brands sold through our own channels to deliver a locally relevant offer. Our ground-breaking propositions help bring our amazing products to almost every country in the world and we serve customers globally with increasingly tailored local experiences: relevant languages, payment methods and delivery and return options. You can currently shop ASOS in over 200 markets, in eight languages, using an ever greater number of different payment methods, with hundreds of local deliveries and returns options from pick up and drop off networks to Next-Day Delivery. We aim to give all our global customers a truly frictionless experience.

ASOS's websites attracted 157.2m visits during August 2018 (August 2017: 135.7m) and as at 31 August 2018 had 18.4m active customers1 (31 August 2017: 15.4m), of which 6.0m were located in the UK and 12.4m were located in international territories (31 August 2017: 5.2m in the UK and 10.2m 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

DSHLLFEFLILLIIT

(END) Dow Jones Newswires

November 01, 2018 09:00 ET (13:00 GMT)