Issue of Options

RNS Number : 8001F

AO World plc

29 April 2014

 



29 April 2014

AO World plc

Issue of Options to Director and Employees

AO World plc ("the Company") announces that on 28 April 2014 the Company granted options ("Options") over 687,200 ordinary shares of 0.25p each ("Ordinary Shares") pursuant to the AO World plc Sharesave Scheme.

The Options have a contract start date of 1 June 2014 and are exercisable between 1 June 2017 and 30 November 2017. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is 253.74 pence per Ordinary Share.  The allocation of share options was made available to all Group employees with at least three months' service and amounts to 0.16% of the Company's current issued share capital.  The exercise of options on maturity is not dependent upon performance criteria.

Within the options described above, options over 7,093 Ordinary Shares were granted to each of John Roberts, the Company's Chief Executive Officer and Steve Caunce, the Company's Chief Financial and Chief Operating Officer.  Following this grant John Roberts holds a total of 7,093 options over Ordinary Shares in the Company and Steve Caunce holds a total of 7,093 options over Ordinary Shares in the Company.

Enquiries

AO World Plc	[phone]
David Myers, Company Secretary
Instinctif Partners
Matthew Smallwood Justine Warren Jamie Ramsay	[phone]

 

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