13 July 2010
ASOS plc ("ASOS" or the "Company")
Awards under Performance Share Plan
On 12 July 2010, conditional incentive share awards granted on 10 July 2007 under the ASOS Performance Share Plan 2006 (the "Plan") vested in accordance with the terms of the Plan. These awards vested in full in accordance with the performance conditions applicable to those awards based on the Company's earnings per share growth over a three-year performance period. No consideration was paid for the shares acquired.
In satisfaction of these awards, a number of the Company's directors received 589,583 ordinary shares of 3.5 pence each in the Company in accordance with the table set out below.
On 13 July 2010, the same directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities.
Director
Number of shares acquired
Number of shares disposed of
Price per share received on disposal
Number of shares in the Plan following this transaction
Number of shares held in ASOS following this transaction
Nicholas Robertson, Chief Executive
195,833
112,633
881p
61,635
9,428,024
Robert Bready, Product and Trading Director
218,750
125,815
48,427
164,259
Jonathan Kamaluddin, International Director
175,000
100,652
41,823
74,348
For further information:
ASOS plc
Nick Beighton, Finance Director
Tel: 020 7756 1000
College Hill
Justine Warren
Tel: 020 7457 2020
J.P. Morgan Cazenove
Luke Bordewich / Gina Gibson
Tel: 020 7588 2828
Numis Securities
Alex Ham
Tel: 020 7260 1000