AO World plc Conditional Share Awards & Director/PDMR holdings (8718F)

TIDMAO.

RNS Number : 8718F

AO World plc

17 July 2019

AO World plc

Conditional Share Awards / PDMR Notification

On 17 July 2019 AO World plc ("the Company"), in accordance with the Company's remuneration policy, granted conditional share awards over a total of 1,885,362* 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 ("Plan") ("the 2019 AOIP Conditional Share Award").

The 2019 AOIP Conditional Share Awards will be released in July 2022, 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.

The following awards were granted to PDMRs:

 
  Name            Position                   Maximum Number of conditional 
                                              share awards granted 
                                              under the Plan 
 Mark Higgins     Chief Financial Officer    371,484 
                 -------------------------  ------------------------------ 
 Daniel Emmett    Chief Operating Officer    145,680 
                 -------------------------  ------------------------------ 
 

*The price used to calculate the maximum number of ordinary shares under the 2019 AOIP Conditional Share Award was GBP0.9244, 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 2019.

The following notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to awards granted to PDMRs on 17 July 2019 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                             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                   Ordinary shares of 0.25p each 
       the financial 
       instrument, type 
       of instrument 
     =============================== 
 b)   Nature of the                    Grant of conditional share awards under 
       transaction                      the AO Incentive Plan 
 c)   Price(s) and volume(s)                     Price(s)    Volume(s) 
                                                     NIL       371,484 
       Mark Higgins                                         ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A Single Transaction 
       - Price                           NIL 
 e)   Date of the transaction          17 July 2019 
     =============================== 
 f)   Place of the transaction         Outside a trading venue 
===  ===============================  ======================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Daniel Emmett 
     =============================== 
 2    Reason for the notification 
 a)   Position/status                  PDMR - Chief Operating 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                   Ordinary shares of 0.25p each 
       the financial 
       instrument, type 
       of instrument 
     =============================== 
 b)   Nature of the                    Conditional award grant of shares under 
       transaction                      the AO Incentive Plan 
 c)   Price(s) and volume(s)                     Price(s)    Volume(s) 
                                                     NIL       145,680 
                                                            ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A Single Transaction 
       - Price                           NIL 
 e)   Date of the transaction          17 July 2019 
     =============================== 
 f)   Place of the transaction         Outside a trading venue 
===  ===============================  ======================================== 
 

Enquiries:

AO World plc

[e-mail]

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 [e-mail] or visit www.rns.com.

END

DSHUBVURKOABAAR

(END) Dow Jones Newswires

July 17, 2019 08:55 ET (12:55 GMT)