AO World plc Director/PDMR Shareholding
July 16 2024 - 3:04AM
RNS Regulatory News
RNS Number : 5754W
AO World plc
16 July 2024
AO World PLC
PDMR
Notification
AO World PLC ("the Company") has, in accordance
with the Company's remuneration policy, granted awards over a total
of 4,270,984* 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 2024 AOIP Share Awards").
The 2024 AOIP Share Awards were granted on 15
July 2024 and will be released in July 2027, 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 options were granted to
PDMRs:
|
Name
|
Position
|
Maximum Number of shares under option granted under the 2024
AOIP Share Awards under the Plan
|
|
John Roberts
|
Chief Executive Officer
|
893,564
|
|
Mark Higgins
|
Chief Financial Officer
|
674,157
|
*The price used to calculate the maximum number of ordinary
shares under the 2024 AOIP Share Awards was £1.1276, 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
2024.
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 2024, which was published on 3
July 2024.
In addition, the Company received notification
on 15 July 2024 that Mark Higgins sold 41,165 shares at an average
price of £1.175 per share.
The notifications below, made under article
19.1 of the Market Abuse Regulation ("MAR"), relate to the
transactions listed above. This announcement is made in
accordance with Article 19.3 of MAR.
Enquiries:
AO World PLC
cosec@ao.com
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 the financial instrument, type of instrument
|
Options over Ordinary shares of 0.25p each
|
|
b)
|
Nature of the transaction
|
Grant of share awards under the AO Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
893,564
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
Single Transaction
NIL
|
|
e)
|
Date of the transaction
|
15
July 2024
|
|
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 the financial instrument, type of instrument
|
Options over Ordinary shares of 0.25p each
|
|
b)
|
Nature of the transaction
|
Grant of share awards under the AO Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
674,157
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
Single Transaction
NIL
|
|
e)
|
Date of the transaction
|
15
July 2024
|
|
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 the financial instrument, type of instrument
|
Ordinary shares of 0.25p each
|
|
b)
|
Nature of the transaction
|
Sale of shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£1.175
|
41,165
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
Single Transaction
NIL
|
|
e)
|
Date of the transaction
|
15
July 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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