REG - ASOS PLC - Director/PDMR Shareholding

ASOSAnnouncement

30/11/2022 16:30

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RNS Number : 1402I  ASOS PLC  30 November 2022

30 November 2022

ASOS Plc

(the "Company")

 

Director/PDMR Shareholding

 

On 28 November 2022, José Antonio Ramos Calamonte, Chief Executive Officer,
was granted an award under the ASOS Plc Long-Term Incentive Scheme (the
"ALTIS"). The award was granted as nil-cost options over Ordinary Shares.
The award will vest on 31 October 2025 and is subject to the achievement of
the following performance conditions:

 

 Measure          Weighting  Threshold (25%)                          Maximum (100%)
 EPS growth*      30%        61.2p                                    128.8p
 Revenue growth*  30%        2.1% CAGR                                8.0% CAGR
 Relative TSR     25%        Median                                   Upper Quartile
 ESG              15%        Progress against our Fashion with Integrity goals within the four pillars (Be
                             Diverse; Be Circular; Be Net Zero; and Be Transparent) and achieve the FY23
                             and FY25 externally stated commitments.

*For Revenue and EPS growth, there is straight-line vesting between Threshold
and Target (62.5% vesting) and between Target and Maximum.

 

This notification is made in accordance with UK Market Abuse Regulations
(Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         José Antonio Ramos Calamonte
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification / Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                          ASOS Plc
 b)  Legal Entity Identifier                                       213800H8DBB8JSKDW630
 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 the financial instrument, type of instrument  Conditional shares under the ASOS Long Term Incentive Scheme ("ALTIS"),

                                                            subject to performance conditions (outlined above) measured over the period 1
                                                                  September 2022 - 31 August 2025.

     Identification code                                          GB0030927254
 b)  Nature of the transaction                                    Award of conditional shares
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
     Nil                                                                                                    271,739

 e)  Aggregated information                                        N/A single transaction

     - Aggregated volume

     - Price

     - Aggregated total
 f)  Date of the transaction                                       28 November 2022
 g)  Place of the transaction                                     London Stock Exchange (XLON)

 

For further information:

 ASOS                                                                                                                                                      Tel: 020 7756 1000
 Plc
 José Antonio Ramos Calamonte, Chief Executive Officer

 Katy Mecklenburgh, Interim Chief Financial Officer

 Taryn Rosekilly, Director of Investor Relations

 Katja Hall, Director of Corporate Affairs

 Website: www.asosplc.com/investors/ (http://www.asosplc.com/investors/)

 Headland Consultancy                                                                                                                                      Tel: 020 3805 4822

 Susanna Voyle / Stephen Malthouse

 JPMorgan Cazenove                                                                                                                                         Tel: 020 7742 4000

 Bill Hutchings / Will Vanderspar

 Numis Securities                                                                                                                                          Tel: 020 7260 1000

 Alex Ham / Jonathan Wilcox / Tom Jacob

 Berenberg                                                                                                                                                 Tel: 020 3207 7800

 Michelle Wilson / Richard Bootle

 

Background note

ASOS is a destination 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 app and mobile/desktop web experience, available in ten languages
and in over 200 markets, ASOS customers can shop a curated edit of over
100,000 products, sourced from nearly 900 global and local third-party brands
alongside a mix of fashion-led own-brand labels - ASOS Design, ASOS Edition,
ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and
HIIT. 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
delivery and return options, including Next-Day Delivery and Same-Day
Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US
and Germany.

 

 

 

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