We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

AO. Ao World Plc

-0.60 (-0.53%)
Last Updated: 16:00:53
Delayed by 15 minutes
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
  -0.60 -0.53% 111.80 111.40 112.00 113.00 110.60 113.00 199,756 16:00:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Elec Appliance,tv,radio-whsl 1.17B -2.6M -0.0045 -245.78 639.9M

Frasers Group PLC AO World Plc Strategic Partnership (3223C)

12/06/2023 7:00am

UK Regulatory

Ao World (LSE:AO.)
Historical Stock Chart

From Jun 2022 to Jun 2024

Click Here for more Ao World Charts.


RNS Number : 3223C

Frasers Group PLC

12 June 2023


Frasers Group plc announces that it acquired a strategic stake of 18.9% in AO World Plc ("AO") on 9 June 2023. Further details were provided in an announcement released by AO on 9 June 2023 which read as follows:-

AO world Plc ("the Company" or "AO"), a leading online electricals retailer, announces that Frasers Group plc ("Frasers") has acquired an 18.9% strategic stake in AO with the purchase of 109,400,000 issued shares at a price of 68p totalling an investment of GBP75m . The investment is the culmination of productive talks over the last two years about establishing a strategic partnership.

Michael Murray CEO of Frasers Group said: "Frasers has long admired what John and the AO team have built, and we are delighted to have the opportunity to form a supportive, strategic partnership. AO is a fantastic business with a clear strategy which is leading the market in online-only electricals. Through this investment, Frasers will benefit from AO's valuable know-how in electricals and two-man delivery, helping us to drive growth in our bulk equipment and homeware ranges. In turn, AO will have the opportunity to benefit from Frasers' expertise and ecosystem."

John Roberts Founder and CEO of AO said: "This is great news for AO and a fantastic endorsement for our business. We are delighted to welcome Michael and the wider Frasers team into the AO family and look forward to realising the significant potential that we see for this partnership. As we continue to build on our strategy of pivoting to profitable growth, it will be hugely exciting to have a range of compelling strategic opportunities to explore together and we're very much looking forward to working with Michael and his team.

 Frasers Group plc 
  Robert Palmer, Company Secretary       T. 0344 245 9200 
  LEI: 213800JEGHHEAXIJDX34              E. 
   Chris Wootton, Chief Financial        T. 0344 245 9200 
   Officer                               E. 
   Ronnie Laffar, Head of PR &           T. 07585 886189 
   Communications                        E. 
   Andrew Kasoulis, Head of Investor     T. 0344 245 9200 
   Relations                             E. 
   Rosie Oddy, Brunswick Group,          T. 07734 861279 
   PR Advisors                           E. 
 Barclays Bank PLC, acting through its Investment Bank 
 Nicola Tennent                        T. 020 7623 2323 
  Stuart Muress 
   Numis                                 T. 020 7260 1000 
   Luke Bordewich 
   Stuart Ord 
   Ollie Steele 
   Liberum                               T. 020 3100 2000 
   John Fishley 
   Kane Collins 
   Nikhil Varghese 

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 or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

June 12, 2023 02:00 ET (06:00 GMT)

1 Year Ao World Chart

1 Year Ao World Chart

1 Month Ao World Chart

1 Month Ao World Chart

Your Recent History

Delayed Upgrade Clock