Business
Awards under Performance Share Plan
Awards under Performance Share Plan.
About this update from Asos Plc
[{"type":"text","content":"\n \nRNS Number : 8662L ASOS PLC 05 August 2011 \n \n\n5 August 2011\nASOS plc (\"ASOS\" or the \"Company\")\nAwards under Performance Share Plan (\"PSP\") \nOn 1 August 2011, conditional incentive share awards granted on 30 July 2008 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. \nIn satisfaction of these awards, a number of the Company's directors received 151,885 ordinary shares of 3.5 pence each in the Company (\"Ordinary Shares\") in accordance with the table set out below. \nOn 3 August 2011, the same directors sold a proportion of the shares acquired on the vesting of their awards to fund their tax liabilities. \n\n\n\n\nDirector\n\n\nNumber of Ordinary Shares acquired\n\n\nNumber of Ordinary Shares disposed of \n\n\nPrice per Ordinary Share received on disposal\n(£)\n\n\nNumber of Ordinary Shares in the Plan following this transaction\n\n\nNumber of Ordinary Shares held in ASOS following this transaction\n\n\n\n\nNicholas Robertson, Chief Executive\n\n\n61,635\n\n\n36,376\n\n\n21.6105\n\n\n0\n\n\n7,769,859\n\n\n\n\nRobert Bready, Product and Trading Director\n\n\n48,427\n\n\n28,581\n\n\n21.6105\n\n\n0\n\n\n184,105\n\n\n\n\nJonathan Kamaluddin, International Director\n\n\n41,823\n\n\n24,683\n\n\n21.6105\n\n\n0\n\n\n91,488\n\n\n\n\n \nOn 4 August Nick Robertson also sold a further 25,259 Ordinary Shares at a price of £20.1894 per share. Following this sale, Nick Robertson continues to hold 7,744,600 Ordinary Shares.\nFor further information: \n \n\n\n\n\nASOS plc \n\n\n\n\n\n\n\nNick Beighton, Finance Director\n\n\nTel: 020 7756 1000\n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill\n\n\n\n\n\n\n\nJustine Warren  ...