Director/PDMR Shareholding

RNS Number : 8670A

AO World plc

01 October 2020

 

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 1,701,663* 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 2020 AOIP Conditional Share Award").   

The 2020 AOIP Conditional Share Awards were granted on 21 July 2020 and will be released in July 2023, 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	284,900
Mark Higgins	Chief Financial Officer	215,258
Daniel Emmett	Chief Operating Officer	189,933

*The price used to calculate the maximum number of ordinary shares under the 2020 AOIP Conditional Share Award was £1.51, 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 2020.

In relation to John Roberts and Mark Higgins, both Executive Directors of the Company, the grants detailed above are in accordance with the disclosure the Company's Annual Report and Accounts for the year ending 31 March 2020 published on 14 July 2020 and prior year practice under the terms of the Plan.

Enquiries:

AO World plc

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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) Mark Higgins	Price(s) Volume(s) NIL 284,900
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction NIL
e)	Date of the transaction	21 July 2020
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) Mark Higgins	Price(s) Volume(s) NIL 215,258
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction NIL
e)	Date of the transaction	21 July 2020
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 189,933
d)	Aggregated information - Aggregated volume - Price	N/A Single Transaction NIL
e)	Date of the transaction	21 July 2020
f)	Place of the transaction	Outside a trading venue

 

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