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).
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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
Identification code |
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.
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 - Aggregated volume - Price - Aggregated total |
N/A single transaction
|
|
|
f) |
Date of the transaction |
28 November 2022 |
|
|
g) |
Place of the transaction |
London Stock Exchange (XLON)
|
|
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 |
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|
|
Numis Securities |
Tel: 020 7260 1000 |
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|
|
|
Alex Ham / Jonathan Wilcox / Tom Jacob |
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|
Berenberg |
Tel: 020 3207 7800 |
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Michelle Wilson / Richard Bootle |
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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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