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Share Name Share Symbol Market Type Share ISIN Share Description
Ao World Plc LSE:AO. London Ordinary Share GB00BJTNFH41 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 1.01% 110.00 109.60 109.90 111.50 104.30 105.90 3,218,317 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1,660.9 20.2 3.7 29.5 527

AO World plc Director/PDMR Shareholding

01/10/2020 4:24pm

UK Regulatory (RNS & others)


Ao World (LSE:AO.)
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RNS Number : 8670A

AO World plc

01 October 2020

AO World plc

Conditional Share Awards / PDMR Notification

AO World plc ("the Company") has, in accordance with the Company's remuneration policy, granted conditional share awards over a total of 1,701,663* 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 2020 AOIP Conditional Share Award").

The 2020 AOIP Conditional Share Awards were granted on 21 July 2020 and will be released in July 2023, 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 
 John Roberts     Chief Executive Officer    284,900 
                 -------------------------  ------------------------------ 
 Mark Higgins     Chief Financial Officer    215,258 
                 -------------------------  ------------------------------ 
 Daniel Emmett    Chief Operating Officer    189,933 
                 -------------------------  ------------------------------ 
 

*The price used to calculate the maximum number of ordinary shares under the 2020 AOIP Conditional Share Award was GBP1.51, 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 2020.

In relation to John Roberts and Mark Higgins, both Executive Directors of the Company, the grants detailed above are in accordance with the disclosure the Company's Annual Report and Accounts for the year ending 31 March 2020 published on 14 July 2020 and prior year practice under the terms of the Plan.

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                   Conditional deferred Ordinary shares of 
       the financial                    0.25p each 
       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       284,900 
       Mark Higgins                                         ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A Single Transaction 
       - Price                           NIL 
 e)   Date of the transaction          21 July 2020 
     =============================== 
 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                   Conditional deferred Ordinary shares of 
       the financial                    0.25p each 
       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       215,258 
       Mark Higgins                                         ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A Single Transaction 
       - Price                           NIL 
 e)   Date of the transaction          21 July 2020 
     =============================== 
 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                   Conditional deferred Ordinary shares of 
       the financial                    0.25p each 
       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       189,933 
                                                            ---------- 
 d)   Aggregated information 
       - Aggregated volume               N/A Single Transaction 
       - Price                           NIL 
 e)   Date of the transaction          21 July 2020 
 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 or visit www.rns.com.

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END

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October 01, 2020 11:24 ET (15:24 GMT)

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