Issue of SAYE Options

RNS Number : 6597D

AO World plc

30 January 2015

 



AO World plc

Issue of SAYE Options to a Director and Employees

AO World plc ("the Company") announces that on 30 January 2015 the Company granted options ("Options") over 395,718 ordinary shares of 0.25p each ("Ordinary Shares") pursuant to the AO World plc 2015 Sharesave Scheme.

The Options have a contract start date of 1 March 2015 and are exercisable between 1 March 2018 and 30 August 2018. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is 227 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 0.09% 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 7,929 Ordinary Shares were granted to Steve Caunce, the Company's Chief Financial and Chief Operating Officer.  These options replace the 7,093 options granted under the 2014 AO Sharesave Scheme (notification of the cancellation thereof was received by the Company on 28 January 2015), and therefore as a result Steve Caunce currently holds a total of 7,929 options over Ordinary Shares in the Company.

Enquiries:

AO World plc

Julie Finnemore

Company Secretary

Tel: [phone]

Tulchan Communications

Susanna Voyle

Michelle Clarke

Tel: [phone]

 

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