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Asos offers shares to its managers

Etailer Asos has unveiled details of a management incentive plan.

The etailer has invited managers, including founder and chief executive Nick Robertson, finance director Nick Beighton, product and trading director Rob Bready and other senior employees, to invest their own money in a subsidiary company with the option to exchange their investment after three years for shares in Asos.

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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