REG - AO World plc - Transaction in Own Shares

AO WorldAnnouncement

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RNS Number : 6950Z  AO World plc  17 September 2025

17 September 2025

AO World PLC

 

Commencement of £10m Share Buyback Programme

 

AO World PLC ("AO" or the "Company"), the UK's most trusted online electrical
retailer, is pleased to announce the commencement of a share buyback programme
to purchase a total of up £10 million (excluding expenses) of the Company's
ordinary shares (the "Ordinary Shares") (the "Programme").

 

Today's announcement reflects the Company's robust financial position, strong
cash generation and the Board's ongoing confidence in the Company's ability to
deliver strong shareholder returns over the medium-term. The sole purpose of
the Programme is to reduce the share capital of AO and the Company therefore
intends to cancel the Ordinary Shares purchased under the Programme. The Board
considers the Programme to be in the best interests of the Company and its
shareholders.

The Programme will be conducted in accordance with and under the terms of the
general authority granted by the Company's shareholders at the Company's
Annual General Meeting on 15 September 2025, which authority will expire at
the end of the next Annual General Meeting of the Company in 2026. The maximum
number of Ordinary Shares that the Company is entitled to repurchase under the
Programme is 58,030,347 (being the number of shares able to be purchased under
the 2025 authority).

Share purchases will take place in open market transactions and may be
executed from time to time depending on market conditions, share price,
trading volume and other factors. Jefferies International Limited
("Jefferies") and Peel Hunt LLP ("Peel Hunt") will manage the Programme, which
is an irrevocable, non‐discretionary share buyback programme to repurchase
the Company's shares on its behalf, and within certain defined parameters.
Jefferies and Peel Hunt will each make trading decisions in relation to the
buyback of Ordinary Shares independently of the Company within the Programme
terms. Jefferies and Peel Hunt will each complete the buyback in respect of
£5 million of Ordinary Shares. The first £5 million tranche will be
undertaken by Jefferies .

The Programme will run from the date of this announcement until no later than
30 June 2026. Purchases may continue during any closed period to which the
Company is subject during the above‐mentioned period.

The Programme will be carried out on the London Stock Exchange and other
trading venues and executed within the parameters of Article 5(1) of the
Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation
(EU) 2016/1052 (as each forms part of domestic law under the European Union
(Withdrawal) Act 2018, including where relevant pursuant to the Market Abuse
(Amendment) (EU Exit) Regulations 2019) and Chapter 9 of the UK Listing Rules
of the Financial Conduct Authority.

Details of any and all purchases made under the Programme will be announced no
later than 7:30am on the next business day following the calendar day on which
the purchases occurred.

 

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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