TIDMASC
RNS Number : 2420W
ASOS PLC
17 August 2022
This announcement contains inside information
Directorate Change
The Board of ASOS plc and Mat Dunn, Chief Operating Officer and
Chief Financial Officer, have agreed a phased plan under which Mat
will step down from his roles as ASOS restructures its Executive
team. Mat will continue in his role and as a member of the Board
until at least 31 October 2022 and will remain employed until the
end of the year to provide transitional support. Mat joined the
Board of ASOS in April 2019 as CFO before taking on the additional
role of COO in October 2021.
Jørgen Lindemann, ASOS Chairman, said:
"I would like to thank Mat for the enormous contribution he has
made to ASOS over the past three years, and in particular during
his time as interim CEO. Mat has worked tirelessly to ensure that
ASOS has been able to make continued strategic progress, despite
the prevailing market conditions which have existed since the
global pandemic. We wish him well in the next chapter of his
career."
Mat Dunn commented:
" I have very much enjoyed my time at ASOS. We have achieved a
lot over the last three years and the business is stronger as a
result and I am sure will go on to great success. I am looking
forward to my next challenge, but I will continue to follow what is
happening at ASOS and I wish the Board, José and the rest of the
team all the best for the future."
A process is underway to appoint a new CFO; a further
announcement will be made in due course.
This Announcement is issued on behalf of the Company by Anna
Suchopar, General Counsel and Company Secretary.
For further information:
ASOS plc Tel: 020 7756 1000
José Antonio Ramos Calamonte, Chief
Executive 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
Background notes
Remuneration & notice period
Salary and benefits
Mat will remain an employee of the Company until 31 December
2022, when his employment will end.
Mat will receive his salary and normal benefits during the
remainder of his employment and thereafter will receive an amount
in lieu of his salary for the remainder of his 12-month notice
period.
Annual Bonus
Mat will be eligible to receive a bonus in respect of the 2022
financial year, which will be assessed and paid in the normal
way.
Mat will be eligible to receive a bonus in respect of the 2023
financial year, pro-rated for time to the date he steps down from
the role of Chief Financial Officer of ASOS and from his position
on the ASOS board, which will be assessed and paid in the normal
way.
ASOS Long Term Incentive Scheme ("ALTIS")
Mat's outstanding ALTIS awards granted on 20 November 2019 will
vest subject to the satisfaction of applicable performance
conditions on the normal vesting date on 31 October 2022.
Mat's outstanding ALTIS awards granted on 20 November 2020 and
23 November 2021 will be pro-rated for time as detailed below and
will vest on the normal vesting date, subject to the satisfaction
of applicable performance conditions. The Company's Remuneration
Committee has exercised its discretion to permit this outcome,
which is as contemplated by the Company's remuneration policy.
Date of grant Number of shares Number of shares Vesting date
subject to award pro-rated for
time
23 November
2021 48,791 18,937 31 October 2024
------------------ ----------------- ----------------
20 November
2020 25,633 18,510 31 October 2023
------------------ ----------------- ----------------
20 November
2019 27,173 27,173 31 October 2022
------------------ ----------------- ----------------
Other
Mat will receive a contribution of GBP10,000 towards legal fees
incurred in connection with his departure.
Mat will receive a contribution of GBP25,000 towards the cost of
outplacement support.
Further information
The relevant remuneration details relating to Mat Dunn will be
included in the Directors' Remuneration Report in the Annual Report
and Accounts.
About ASOS
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOABCGDISUBDGDL
(END) Dow Jones Newswires
August 17, 2022 02:00 ET (06:00 GMT)
Asos (LSE:ASC)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Asos (LSE:ASC)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024
