Asos.com management staff to split £66m in shares

Asos.com management staff are to split £66 million in shares, as part of a plan to incentivise and reward its management team.

The online retailer’s chief executive and founder Nick Robertson will receive shares worth nearly £25 million, while three directors will receive £35 million, and three senior managers will receive a further £6 million.

Details of the three-year management incentive plan (MIP) were disclosed in the organisation’s 2010 and 2011 annual report.

The MIP’s performance period was 1 April 2009 to 31 March 2012.

A statement from Asos.com said: “The purpose of the plan was to incentivise and reward the management of Asos.com for superior performance through the achievement of challenging growth targets and to align the interests of management with those of shareholders in the organisation.”

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