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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 | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 3.55% | 116.80 | 115.80 | 117.20 | 116.80 | 114.20 | 115.40 | 326,675 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Elec Appliance,tv,radio-whsl | 1.17B | -2.6M | -0.0045 | -257.78 | 654.58M |
TIDMAO.
RNS Number : 5046K
AO World plc
21 December 2022
For immediate release
AO World plc (the "Company")
Director / PDMR Shareholding
The Company announces that on 20 December 2022 it awarded performance units under the restructured AO Value Creation Plan 2022 ("VCP") to the directors and PDMRs of the Company as listed below.
The VCP was approved by the Company's shareholders at its AGM held on 28 September 2022. Full details of the VCP were set out in the Company's Notice of Annual General Meeting (available on the Company's website at https://www.ao-world.com/investor-centre/reports-and-presentations/ ).
John Roberts and Mark Higgins, as directors and PDMRs of the Company, have each been granted an Executive Award under the VCP. These awards replace the awards granted in 2020 under the VCP 2020, which have now been surrendered.
No payment has been made for the grant of these awards and they have no value at grant.
Executive Awards vest in three equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029 (the "Measurement Dates") if on those dates the Board determines that the "Plan Value" is greater than nil. If the Plan Value is nil on a Measurement Date that tranche will lapse immediately.
The Plan Value on a Measurement Date will be equal to 10% of the market capitalisation of the Company on that date. For these purposes the market capitalisation will be calculated using the average closing price of a share (capped at GBP10.43) over the three months ending on that date less GBP1, times the number of shares in the share capital of the Company in issue.
The rules of the Plan provide that the total number of shares which may be issued under the VCP across all participants may not exceed 5% of the issued ordinary share capital of the Company.
The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to the transactions listed above is 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 John Roberts =============================== 2 Reason for the notification a) Position/status CEO, Founder and Director =============================== 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 Units representing rights over Ordinary the financial shares of 0.25p each in AO World PLC - the instrument, type number of shares will be determined at the of instrument Measurement Dates of the AO World Plc Value Creation Plan 2022 =============================== b) Nature of the Award under 2022 VCP. transaction c) Price(s) and volume(s) Price(s) Volume(s) NIL Units equivalent to such number of Ordinary Shares as equals 3.33% of Plan Value on 31 March 2027, 31 March 2028, 31 March 2029. ------------------------- =============================== d) Aggregated information As above - Aggregated volume - Price e) Date of the transaction 20 December 2022 =============================== f) Place of the transaction London, England === =============================== =============================================
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 Jonathan Mark Stephen Higgins =============================== 2 Reason for the notification a) Position/status CFO, Director =============================== 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 Units representing rights over Ordinary the financial shares of 0.25p each in AO World PLC - the instrument, type number of shares will be determined at the of instrument Measurement Dates of the AO World Plc Value Creation Plan 2022 =============================== b) Nature of the Award under 2022 VCP. transaction c) Price(s) and volume(s) Price(s) Volume(s) NIL Units equivalent to such number of Ordinary Shares as equals 3.33% of Plan Value on 31 March 2027, 31 March 2028, 31 March 2029. ------------------------- =============================== d) Aggregated information As above - Aggregated volume - Price e) Date of the transaction 20 December 2022 =============================== f) Place of the transaction London, England === =============================== =============================================
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END
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(END) Dow Jones Newswires
December 21, 2022 07:32 ET (12:32 GMT)
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