AO World plc Director/PDMR Shareholding (0745I)

TIDMAO.

RNS Number : 0745I

AO World plc

30 November 2022

AO World plc

Director/PDMR Notification

AO World plc ("the Company") announces that it has been notified that two of its Directors have cancelled their participation in the Company's previous all-employee HMRC approved Save As You Earn schemes ("Sharesave Schemes"), thereby cancelling their options to purchase ordinary shares of 0.25p each. The Directors cancelled their participation in the 2022 Sharesave Scheme in order to apply for the maximum saving amount permissible in the Company's 2023 Sharesave Scheme with an option price of 53p. The grant of options awarded under the 2023 Sharesave Scheme will be made on or about 22 December 2022 with a contract start date of 1 March 2023.

The details are set out below:

 
 Name of         Date of grant    Number of       Price payable   Date of cancellation 
  Director                         shares under    per share 
  / PDMR                           option          on exercise 
                                                   (p) 
                 23 December 
 John Roberts     2021            20,454          88p             29 November 2022 
                ---------------  --------------  --------------  --------------------- 
                 23 December 
 Mark Higgins     2021            20,454          88p             29 November 2022 
                ---------------  --------------  --------------  --------------------- 
 

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

Tel: [phone]

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                  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                   Option over ordinary shares of 0.25p each 
       the financial                    in AO World plc 
       instrument, type 
       of instrument 
                                        GB00BJTNFH41 
       Identification 
       code 
     =============================== 
 b)   Nature of the                    Cancelled participation in the 2022 offer 
       transaction                      under the Company's all-employee HMRC approved 
                                        Save As You Earn scheme and discontinued 
                                        his monthly contributions, resulting in 
                                        the lapse of the option originally granted 
                                        to him on 21 December 2021 with an exercise 
                                        price of 88p 
 c)   Price(s) and volume(s)                         Price(s)    Volume(s) 
                                                       88pence     20,454 
                                                                ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A 
       - Price                           N/A 
 e)   Date of the transaction          29 November 2022 
     =============================== 
 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                  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                   Option over ordinary shares of 0.25p each 
       the financial                    in AO World plc 
       instrument, type 
       of instrument 
                                        GB00BJTNFH41 
       Identification 
       code 
     =============================== 
 b)   Nature of the                    Cancelled participation in the 2022 offer 
       transaction                      under the Company's all-employee HMRC approved 
                                        Save As You Earn scheme and discontinued 
                                        his monthly contributions, resulting in 
                                        the lapse of the option originally granted 
                                        to him on 21 December 2021 with an exercise 
                                        price of 88p 
 c)   Price(s) and volume(s)                         Price(s)    Volume(s) 
                                                      88 pence     20,454 
                                                                ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated volume               N/A 
       - Price                           N/A 
 e)   Date of the transaction          29 November 2022 
     =============================== 
 f)   Place of the transaction         Outside a trading venue 
===  ===============================  ================================================ 
 

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November 30, 2022 04:26 ET (09:26 GMT)