TIDMAO.

RNS Number : 6659K

AO World plc

22 December 2022

For immediate release

AO World plc (the "Company")

Grant of SAYE Options and Director / PDMR Shareholding

AO World PLC ("the Company") announces that on 22 December 2022 the Company granted options ("Options") over 5,503,660 ordinary shares of 0.25p each ("Ordinary Shares") pursuant to the AO World PLC 2023 Sharesave Scheme.

The Options have a contract start date of 1 March 2023 and are exercisable between 1 March 2026 and 31 August 2026. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is 53 pence per Ordinary Share.

Within the options described above, 33,962 Options were granted to each of John Roberts, Chief Executive Officer, and Mark Higgins, Chief Financial Officer. These options replace the 20,454 options granted under the 2022 AO Sharesave Scheme to each of John Roberts and Mark Higgins which the Company announced were cancelled on 29 November 2022.

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are 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                  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 
 
       Identification                   GB00BJTNFH41 
       Code 
     =============================== 
 b)   Nature of the                    Option granted under the Company's all-employee 
       transaction                      HMRC approved 2023 Save As you Earn scheme 
                                        (AO Sharesave Scheme) with an exercise price 
                                        of 53p 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     53 pence     33,962 
                                                                ---------- 
     =============================== 
 d)   Aggregated information           N/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction          22 December 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 
 
       Identification                   GB00BJTNFH41 
       Code 
     =============================== 
 b)   Nature of the                    Option granted under the Company's all-employee 
       transaction                      HMRC approved 2022 Save As you Earn scheme 
                                        (AO Sharesave Scheme) with an exercise price 
                                        of 88p 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          53 pence     33,962 
                                                     ---------- 
     =============================== 
 d)   Aggregated information           N/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction          22 December 2022 
     =============================== 
 f)   Place of the transaction         Outside a trading venue 
===  ===============================  ================================================

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END

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