REG - AO World plc - Director/PDMR Shareholding

AO WorldAnnouncement

12/07/2023 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230712:nRSL8405Fa&default-theme=true

RNS Number : 8405F  AO World plc  12 July 2023

AO World plc

Conditional Share Awards & Options / PDMR Notification

 

AO World plc ("the Company") has, in accordance with the Company's
remuneration policy, granted conditional share awards and options over a total
of 3,910,081* ordinary shares to PDMRs and members of its senior management
population under the terms of the AO Incentive Plan which was approved by
shareholders of the Company on 19 July 2018  as amended ("Plan") ("the 2023
AOIP Share Award").

The 2023 AOIP Share Awards were granted on 12 July 2023 and will be released
in July 2026, subject to the participants remaining in employment with the
Company and the Remuneration Committee being satisfied with the underlying
performance of the Company's business over the deferral period (with the
Executive Directors required to hold them for a further year).

 

The following awards were granted to PDMRs:

  Name         Position                 Maximum Number of shares under option granted under the 2023 AOIP Share Award
                                        under the Plan
 John Roberts  Chief Executive Officer  918,900
 Mark Higgins  Chief Financial Officer  696,273

*The price used to calculate the maximum number of ordinary shares under the
2023 AOIP Share Award was £0.85, being the average closing price of the
Company's shares on the main market of the London Stock Exchange on the five
days following the release of the Company's preliminary announcement of its
result for the year ended 31 March 2023.

In relation to John Roberts and Mark Higgins, both Executive Directors of the
Company, the value of the grants detailed above are disclosed in the Company's
Annual Report and Accounts for the year ended 31 March 2023, expected to be
published on 25 July 2023.

Enquiries:

AO World plc

cosec@ao.com

 

The following notifications made under article 19.1 of the Market Abuse
Regulation ("MAR") relate to awards granted to PDMRs under the AO Incentive
Plan.  This announcement is made in accordance with Article 19.3 of MAR.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         John Roberts
 2   Reason for the notification
 a)  Position/status                                              PDMR - Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         AO World PLC
 b)  LEI                                                          2138005FFOAJIUZY4375
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Options over Ordinary shares of 0.25p each
 b)  Nature of the transaction                                    Grant of share awards under the AO Incentive Plan

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       918,900

 d)  Aggregated information

     - Aggregated volume                                          N/A Single Transaction

     - Price                                                      NIL
 e)  Date of the transaction                                      12 July 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single Transaction

NIL

e)

Date of the transaction

12 July 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mark Higgins
 2   Reason for the notification
 a)  Position/status                                              PDMR - Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         AO World PLC
 b)  LEI                                                          2138005FFOAJIUZY4375
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Options over Ordinary shares of 0.25p each
 b)  Nature of the transaction                                    Grant of share awards under the AO Incentive Plan

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       693,273

 d)  Aggregated information

     - Aggregated volume                                          N/A Single Transaction

     - Price                                                      NIL
 e)  Date of the transaction                                      12 July 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single Transaction

NIL

e)

Date of the transaction

12 July 2023

f)

Place of the transaction

Outside a trading venue

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPUWPMUPWGAP