REG - AO World plc - EBT Market Purchase Programme

AO WorldAnnouncement

02/08/2024 11:30

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RNS Number : 0124Z  AO World plc  02 August 2024

 

2 August  2024

 

AO World PLC

EBT Market Purchase Programme

 

Further to the announcement on 1 August 2024, AO World PLC ("AO" or the
"Company") confirms that Apex Financial Services (Trust Company) Limited (the
"Trustee"), as Trustee of the AO World Employee Benefit Trust (the "EBT") has
commenced the market purchase of ordinary shares of £0.0025 each in
("Shares") (the "EBT Market Purchase Programme").

The Company was notified by the Trustee that the EBT has purchased a total of
8,882,350 Shares on 1 August 2024 at price of 117.359p each (inclusive of
brokerage and dealing charges).

These Shares will be held in the EBT and will be used to satisfy employee
share-based compensation awards. The EBT is a discretionary trust for the
benefit of the Company's employees. The purchase of Shares by the EBT has been
funded by a gift from the Company.

Following this transaction, a total of 10,943,888 Shares (representing 1.89%
of the Company's issued share capital) are held unallocated, by the EBT. The
issued share capital in the Company remains unchanged at 580,303,475 Ordinary
Shares.

Further updates in respect of the EBT Share Purchase Programme will be made as
required.

 

 

Enquiries:

 

Julie Finnemore

Company Secretary

AO World PLC

Tel: +44(0)1204 672400

Email: cosec@ao.com

 

About AO

AO World PLC, headquartered in Bolton and listed on the London Stock
Exchange, is the UK's most trusted online electrical retailer, with a
mission to be the destination for electricals. Our strategy is to create value
by offering our customers brilliant customer service and making AO the
destination for everything they need, in the simplest and easiest way, when
buying electricals.  We offer major and small domestic appliances and a
growing range of mobile phones, AV, consumer electricals and laptops. We also
provide ancillary services such as the installation of new and collection of
old products and offer product protection plans and customer finance. AO
Business serves the B2B market in the UK, providing electricals and
installation services at scale. AO also has a WEEE processing facility,
ensuring customers' electronic waste is dealt with responsibly.

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