Director/PDMR Shareholding

AO World plc

01 August 2024

 

This announcement may contain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, any inside information will be considered to be in the public domain.

For immediate release

AO World plc (the "Company")

Director / PDMR Shareholding

AO World plc announces that it received notification on 1 August that on 1 August 2024, the following transactions have been executed by the Company's persons discharging managerial responsibilities (PDMRs) and persons closely associated (PCA):

PDMR/PCA	Date of sale	Number of shares sold	Consideration per share (pence)	Aggregate Consideration	Resultant Beneficial Holding	Resultant Beneficial % holding
John Roberts (PDMR)	1 August 2024	6,000,000	117.3p	£7,038,000	97,643,526*	16.83%
Chris Hopkinson (PDMR)	1 August 2024	2,000,000	117.3p	£2,346,000	22,280,429**	3.84%
Sally Roberts (PCA TO PDMR)	1 August 2024	882,350	117.3p	£1,034,996.55	0	0%

* The beneficial holding for John Roberts excludes 6,348 Ordinary Shares held by Crystalcraft Limited, a company of which he is a director and shareholder

** The beneficial holding for Chris Hopkinson excludes 350,877 Ordinary Shares held by Gayle Halstead, his wife and also 1,999,999 of the Hopkinson Consultants Pension Scheme of which Chris is a trustee and one of the beneficiaries

Further to the Company's announcement on 1 August regarding market purchases to be made by Apex Financial Services (Trust Company) Limited (the "Trustee"), as Trustee of the AO World Employee Benefit Trust (the "EBT"), the purchaser of the shares referenced above is the EBT.  Given the EBT market purchase programme is being funded by way of a gift by the Company, the sales by John Roberts and Sally Roberts, and Chris Hopkinson constitute material related party transactions pursuant to the profit test referred to in DTR 7.3.  The information required by DTR 7.3.8 is set out in the Notification of Dealing Forms below.

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below.

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	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, identification code	Ordinary shares of 0.25p each GB00BJTNFH41
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 117.3p 6,000,000
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	1 August 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chris Hopkinson
2	Reason for the notification
a)	Position/status	Non-Executive Director
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, identification code	Ordinary shares of 0.25p each GB00BJTNFH41
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 117.3 2,000,000
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	1 August 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sally Roberts
2	Reason for the notification
a)	Position/status	Person closely associated with John Roberts (Director and PDMR of the Company)
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, identification code	Ordinary shares of 0.25p each GB00BJTNFH41
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 117.3 882,350
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	1 August 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries:

AO World plc

Company Secretary

[e-mail]

 

END