AO World plc Director/PDMR Shareholding (8405F)
July 12 2023 - 10:24AM
UK Regulatory (RNS & others)
TIDMAO.
RNS Number : 8405F
AO World plc
12 July 2023
AO World plc
Conditional Share Awards & Options / PDMR Notification
AO World plc ("the Company") has, in accordance with the
Company's remuneration policy, granted conditional share awards and
options over a total of 3,910,081* 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 as amended ("Plan") ("the 2023 AOIP Share
Award").
The 2023 AOIP Share Awards were granted on 12 July 2023 and will
be released in July 2026, 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 (with the Executive Directors required to
hold them for a further year).
The following awards were granted to PDMRs:
Name Position Maximum Number of
shares under option
granted under the 2023
AOIP Share Award under
the Plan
John Roberts Chief Executive Officer 918,900
------------------------- ------------------------
Mark Higgins Chief Financial Officer 696,273
------------------------- ------------------------
*The price used to calculate the maximum number of ordinary
shares under the 2023 AOIP Share Award was GBP0.85, 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 2023.
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 ended 31 March 2023, expected to be published on 25 July
2023.
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 Options over Ordinary shares of 0.25p each
the financial
instrument, type
of instrument
===============================
b) Nature of the Grant of share awards under the AO Incentive
transaction Plan
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 918,900
----------
===============================
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 12 July 2023
===============================
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 Options over Ordinary shares of 0.25p each
the financial
instrument, type
of instrument
===============================
b) Nature of the Grant of share awards under the AO Incentive
transaction Plan
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 693,273
----------
===============================
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 12 July 2023
===============================
f) Place of the transaction Outside a trading venue
=== =============================== =============================================
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END
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