Exercise of Over-allotment Option

RNS Number : 5230B

AO World plc

04 March 2014

 



Not for distribution, directly or indirectly, in or into the United States of America, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA or any OTHER jurisdiction in which such distribution would be unlawful

AO WORLD PLC

Announcement of Exercise of Over-allotment Option and End of Stabilisation Period

4 March 2014

Further to the announcements on 26 February 2014 relating to AO World plc's (the "Company" or "AO")  initial public offering (the "Offer") and the commencement of the stabilisation period in connection with the Offer, the Company is pleased to announce that the Stabilisation Manager, J.P. Morgan Securities plc, has today given notice to the Over-allotment Shareholders and the Company that it wishes to exercise in full the over-allotment option described in the Company's prospectus dated 26 February 2014 (the "Over-allotment Option"). As a result of such exercise the Over-allotment Shareholders will in aggregate provide and sell a further 22,269,826 ordinary shares in AO (the "Shares") at the Offer price.

Including the exercise of the Over-allotment Option, the total size of the Offer was 170,735,337 Shares.

The stabilisation period ended on 4 March 2014. No stabilisation transactions were undertaken since the commencement of the stabilisation period and no stabilisation transactions will now be undertaken in connection with the Offer.

Disclaimer

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan, South Africa or any other jurisdiction where distribution would be unlawful. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan, South Africa or any other jurisdiction where such an offer would be unlawful.

The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa or to any national, resident or citizen of Australia, Canada, Japan or South Africa. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are "qualified investors" within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be made) and must not be acted on or relied on by other persons in that Member State.

 

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