Home Business News Asos founder pockets £15.3m in share sale

Asos founder pockets £15.3m in share sale

by LLB Reporter
17th Apr 19 3:35 pm

Asos founder Nick Robertson who is a non executive director, has pocketed £15.3m in a share sale from the online retailer.

The former chief executive of Asos offloaded 410,00 of his shares at 3,722.5p each, according to a stock exchange filing and he still holds a 5.5% 4.6m shares.

In December the online retailer issued a profit warning due to slower sales, since then there has been a recovery but sales are down 38% the last 12 months.

In 2001 the company floated on the junior market with their shares back then worth 20p, now Asos is valued at over £3bn.

Robertson stepped from chief executive in 2015 but remained a non executive director, and Nick Beighton took over his position.

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