AO World plc Director/PDMR Shareholding (7778E)
July 09 2021 - 5:35AM
UK Regulatory
TIDMAO.
RNS Number : 7778E
AO World plc
09 July 2021
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 2,406,384* 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 2021 AOIP Conditional Share
Award").
The 2021 AOIP Conditional Share Awards were granted on 8 July
2021 and will be released in July 2024, 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 390,000
------------------------- ------------------------------
Mark Higgins Chief Financial Officer 294,181
------------------------- ------------------------------
Daniel Emmett Chief Operating Officer 252,155
------------------------- ------------------------------
*The price used to calculate the maximum number of ordinary
shares under the 2021 AOIP Conditional Share Award was GBP2.32,
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 2021.
In relation to John Roberts and Mark Higgins, both Executive
Directors of the Company, the value of the grants detailed above
are disclosed in the Company's Annual Report and Accounts for the
year ending 31 March 2021 to be published on 19 July 2021.
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 390,000
----------
===============================
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 8 July 2021
===============================
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 294,181
----------
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 8 July 2021
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 252,155
----------
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 8 July 2021
f) Place of the transaction Outside a trading venue
=== =============================== ========================================
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END
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