RNS Number : 4340H
AO World plc
27 July 2023
 

AO World PLC ("the Company")

Director/ PDMR Dealing Notification

 

On 20 July 2023 nil-cost share awards granted under the Company's AO Incentive Plan 2018 (as amended) (2020 grant) vested, including to persons discharging managerial responsibilities ("PDMRs").  Following such vesting event, on 25 July 2023 Mark Higgins, CFO and a PDMR of the Company:

(a)  exercised half of his vested 2020 nil-cost share options  for 107,629 ordinary shares of 0.25p each in the capital of the Company ("Shares"); and

(b)  subsequently sold the Shares resulting from such exercise.

Further details are below.

Name/PDMR

Number of share options vested under the 2020 grant

Number of share options exercised, and shares subsequently sold

Sale price per share

Number of share options retained

John Roberts

284,900

None

 n/a

284,900

Mark Higgins

215,258

107,629

£0.9762

107,629

Details of all options held by the Executives are set out in the Company's annual report at www.ao-world.com.

The Notification of Dealing Forms provided in accordance with the requirements of Article 19 of the Market Abuse Regulation in relation to Mr Higgins' transactions are set out below.

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

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

 

Identification code

Ordinary shares of 0.25p each

 

 

 

GB00BJTNFH41

b)

Nature of the transaction

Exercise of certain share options granted pursuant to the AO Incentive Plan 2018 (as amended) (2020 grant)

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

107,629

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

 

e)

Date of the transaction

25 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 LPLC

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

 

Identification code

Ordinary shares of 0.25p each

 

 

 

GB00BJTNFH41

b)

Nature of the transaction

Sale of 107,629 ordinary shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.9762

107,629

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

 

e)

Date of the transaction

25 July 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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