AO World plc Director/PDMR Shareholding
August 01 2024 - 12:10PM
RNS Regulatory News
RNS Number : 8900Y
AO World plc
01 August 2024
This announcement may contain
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 as it forms part
of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. Upon the
publication of this announcement via the Regulatory Information
Service, any inside information will be considered to be in the
public domain.
For
immediate release
AO World plc (the
"Company")
Director / PDMR
Shareholding
AO World plc announces that it
received notification on 1 August that on 1 August 2024, the
following transactions have been executed by the Company's persons
discharging managerial responsibilities (PDMRs) and persons closely
associated (PCA):
PDMR/PCA
|
Date
of sale
|
Number of shares sold
|
Consideration per share (pence)
|
Aggregate Consideration
|
Resultant Beneficial Holding
|
Resultant Beneficial % holding
|
John Roberts
(PDMR)
|
1 August 2024
|
6,000,000
|
117.3p
|
£7,038,000
|
97,643,526*
|
16.83%
|
Chris Hopkinson
(PDMR)
|
1 August 2024
|
2,000,000
|
117.3p
|
£2,346,000
|
22,280,429**
|
3.84%
|
Sally Roberts
(PCA TO PDMR)
|
1 August 2024
|
882,350
|
117.3p
|
£1,034,996.55
|
0
|
0%
|
* The beneficial holding for John
Roberts excludes 6,348 Ordinary Shares held by Crystalcraft
Limited, a company of which he is a director and
shareholder
** The beneficial holding for Chris
Hopkinson excludes 350,877 Ordinary Shares held by Gayle Halstead,
his wife and also 1,999,999 of the Hopkinson Consultants Pension
Scheme of which Chris is a trustee and one of the
beneficiaries
Further to the Company's
announcement on 1 August regarding market purchases to be made by
Apex Financial Services (Trust Company) Limited (the "Trustee"), as
Trustee of the AO World Employee Benefit Trust (the "EBT"), the
purchaser of the shares referenced above is the EBT. Given
the EBT market purchase programme is being funded by way of a gift
by the Company, the sales by John Roberts and Sally Roberts, and
Chris Hopkinson constitute material related party transactions
pursuant to the profit test referred to in DTR 7.3. The
information required by DTR 7.3.8 is set out in the Notification of
Dealing Forms below.
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 the financial instrument, type of instrument, identification
code
|
Ordinary shares of 0.25p
each
GB00BJTNFH41
|
b)
|
Nature of the transaction
|
Sale
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
117.3p
|
6,000,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As
above
|
e)
|
Date of the transaction
|
1 August 2024
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
Chris Hopkinson
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Non-Executive Director
|
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, identification
code
|
Ordinary shares of 0.25p
each
GB00BJTNFH41
|
b)
|
Nature of the transaction
|
Sale
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
117.3
|
2,000,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As
above
|
e)
|
Date of the transaction
|
1
August 2024
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
Sally Roberts
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Person closely associated with John Roberts (Director and PDMR
of the Company)
|
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, identification
code
|
Ordinary shares of 0.25p
each
GB00BJTNFH41
|
b)
|
Nature of the transaction
|
Sale
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
117.3
|
882,350
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
As
above
|
e)
|
Date of the transaction
|
1 August 2024
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
Enquiries:
AO World plc
Company Secretary
cosec@ao.com
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