TIDMASC

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                       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                            Conditional shares under the ASOS Long 
        the financial                             Term Incentive Scheme ("ALTIS"), subject 
        instrument, type                          to performance conditions (outlined above) 
        of instrument                             measured over the period 1 September 
                                                  2022 - 31 August 2025. 
 
 
 
 
        Identification                            GB0030927254 
        code 
      ----------------------------------------  ----------------------------------------------- 
 b)    Nature of the                             Award of conditional shares 
        transaction 
      ----------------------------------------  ----------------------------------------------- 
 c)    Currency                                  GBP 
      ----------------------------------------  ----------------------------------------------- 
 d)    Price(s) and                                    Price(s)                Volume(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                              London Stock Exchange (XLON) 
        transaction 
      ----------------------------------------  ----------------------------------------------- 
 

For further information:

 
 ASOS Plc                                           Tel: 020 7756 1000 
 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/ 
 
 
 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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END

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November 30, 2022 11:18 ET (16:18 GMT)

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