AO World plc Holding(s) in Company (1517G)

TIDMAO.

RNS Number : 1517G

AO World plc

24 May 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 
 
 1. Identity of the issuer or 
  the underlying issuer of existing                                               AO World plc 
  shares to which voting rights 
  are attached: ii 
-----------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                 X 
-----------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------  --------------------------------- 
 Other (please specify): 
-----------------------------------------------------------  --------------------------------- 
                                                             Baron Capital Group, Inc. ("BCG") 
   3. Full name of person(s)                                  BAMCO, Inc. ("BAMCO") 
   subject to the notification 
   obligation: iii                                            Baron Capital Management, Inc. 
                                                              ("BCM") 
                                                              Ronald Baron 
-----------------------------------------------------------  --------------------------------- 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction 
  and date on 
  which the threshold is crossed 
  or reached: v                                                                     16/05/2017 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer notified:                                                  24/05/2017 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                                                               7% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
----------------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                    Resulting situation after the 
  of shares      to the triggering                     triggering transaction 
                 transaction 
  if possible 
  using the 
  ISIN CODE 
-------------  ------------------------------------  ------------------------------------------------------------------------------ 
                Number             Number             Number           Number of voting               % of voting 
                 of Shares          of                 of shares        rights                         rights x 
                                    Voting 
                                    Rights 
-------------  -----------------  -----------------  ---------------  -----------------------------  ------------------------------ 
                                                      Direct           Direct           Indirect      Direct          Indirect 
                                                                        xi               xii 
-------------      -------------    -------------    ---------------  ---------------  ------------  --------------  -------------- 
 
                                                                                         Not                           Not 
 GB00BJTNFH41    36,593,445          33,802,761         39,473,998      36,694,698       Applicable    7.9982%         Applicable 
-------------  -----------------  -----------------  ---------------  ---------------  ------------  --------------  -------------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/ Conversion                Number of voting                 % of voting 
 financial           date xiii        Period xiv                          rights that                      rights 
 instrument                                                               may be acquired 
                                                                          if the instrument 
                                                                          is 
                                                                          exercised/ converted. 
-----------------  ---------------  ----------------------------------  -------------------------------  -------------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
  xv, xvi 
----------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise         Expiration       Exercise/          Number of voting                 % of voting 
 financial         price           date xvii        Conversion          rights instrument                rights xix, 
 instrument                                         period              refers to                        xx 
                                                    xviii 
---------------  ---------------  ---------------  -----------------  -------------------------------  ---------------------------- 
                                                                                                        Nominal         Delta 
---------------  ---------------  ---------------  -----------------  -------------------------------  --------------  ------------ 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ---------------------------------------------------------------------------- 
 36,694,698                                             7.9982% 
-----------------------------------------------------  ---------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the financial instruments are effectively 
  held, if applicable: xxi 
----------------------------------------------------------------------------------------------------------------------------------------- 
 
   BCG, BAMCO and BCM are New York corporations. Ronald 
   Baron is a citizen of the United States. BAMCO and BCM 
   are subsidiaries of BCG. Ronald Baron owns a controlling 
   interest in BCG. The advisory clients of BAMCO and BCM 
   have the right to receive or the power to direct the 
   receipt of dividends from, or the proceeds from the sale 
   of, the Issuer's common stock in their accounts. To the 
   best of the Filing Persons' knowledge, no such person 
   has such interest relating to more than 7% of the outstanding 
   class of securities. 
----------------------------------------------------------------------------------------------------------------------------------------- 
 
 Proxy Voting: 
----------------------------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------  ----------------------------------------------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
----------------------------------------------------------  ----------------------------------------------------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
----------------------------------------------------------  ----------------------------------------------------------------------------- 
 
 
   13. Additional information: 
----------------------------------------------------------  ----------------------------------------------------------------------------- 
 14. Contact name: 
                                                                                                                      Patrick M. Patalino 
----------------------------------------------------------  ----------------------------------------------------------------------------- 
 15. Contact telephone number: 
                                                                                                                     +001 [phone] 

----------------------------------------------------------  ----------------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 24, 2017 11:24 ET (15:24 GMT)