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 £0.85, 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 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)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A Single Transaction 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 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)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A Single Transaction NIL | ||||
| e) | Date of the transaction | 12 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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