Fashion etailer Asos has unveiled details of its new management incentive plan.
The plan for the management, including founder and chief executive Nick Robertson, finance director Nick Beighton, product and trading director Rob Bready and other senior employees invites them to invest their own money in a subsidiary company and after three years will be able to exchange this for shares in the company.
The performance target will not be met unless the rate of growth in fully diluted earnings per share (before goodwill amortisation and exceptional items) equals 24% per annum over the three years ending March 31 2012.
The executive directors of the company will be able to take part in another level of the plan which requires growth of 42% per year over the same period.
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