Director/PDMR Shareholding

RNS Number : 7778E
AO World plc
09 July 2021
 

AO World plc

Conditional Share Awards / PDMR Notification

 

AO World plc ("the Company") has, in accordance with the Company's remuneration policy, granted conditional share awards over a total of 2,406,384* 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 ("Plan") ("the 2021 AOIP Conditional Share Award").   

The 2021 AOIP Conditional Share Awards were granted on 8 July 2021 and will be released in July 2024, 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.

 

The following awards were granted to PDMRs:

 Name

Position

Maximum Number of conditional share awards granted under the Plan

John Roberts

Chief Executive Officer

390,000

Mark Higgins

Chief Financial Officer

294,181

 

Daniel Emmett

Chief Operating Officer

252,155

*The price used to calculate the maximum number of ordinary shares under the 2021 AOIP Conditional Share Award was £2.32, 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 2021.

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 ending 31 March 2021 to be published on 19 July 2021.

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

Conditional deferred Ordinary shares of 0.25p each

b)

Nature of the transaction

Grant of conditional share awards under the AO Incentive Plan

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

NIL

390,000

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single Transaction

NIL

e)

Date of the transaction

8 July 2021

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

Conditional deferred Ordinary shares of 0.25p each

b)

Nature of the transaction

Grant of conditional share awards under the AO Incentive Plan

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

NIL

294,181

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single Transaction

NIL

e)

Date of the transaction

8 July 2021

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Daniel Emmett

2

Reason for the notification

a)

Position/status

PDMR - Chief Operating 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

Conditional deferred Ordinary shares of 0.25p each

b)

Nature of the transaction

Conditional award grant of shares under the AO Incentive Plan

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

NIL

252,155

d)

Aggregated information

- Aggregated volume

- Price

 

N/A Single Transaction

NIL

e)

Date of the transaction

8 July 2021

f)

Place of the transaction

Outside a trading venue

 

 

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