AO. Ao World Plc

TIDMAO.

RNS Number : 6752W

AO World plc

23 December 2021

For immediate release

AO World plc (the "Company")

Grant of SAYE Options and Director / PDMR Shareholding

AO World plc ("the Company") announces that on 23 December 2021 the Company granted options ("Options") over 4,028,001 ordinary shares of 0.25p each ("Ordinary Shares") pursuant to the AO World plc 2022 Sharesave Scheme.

The Options have a contract start date of 1 March 2022 and are exercisable between 1 March 2025 and 31 August 2025. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is 88 pence per Ordinary Share.

Within the options described above, 20,454 Options were granted to John Roberts, Chief Executive Officer. These options replace the 5,421 options granted under the 2021 AO Sharesave Scheme which Mr Roberts has closed. Further, 20,454 Options were granted to Mark Higgins, Chief Financial Officer.

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                   Option over ordinary shares of 0.25p each 
       the financial                    in AO World plc 
       instrument, type 
       of instrument 
 
       Identification                   GB00BJTNFH41 
       Code 
     =============================== 
 b)   Nature of the                         1. Cancellation of Option granted under 
       transaction                           the Company's all-employee HMRC approved 
                                             2021 Save As you Earn scheme (AO Sharesave 
                                             Scheme) with an exercise price of 332p 
                                             2. Option granted under the Company's all-employee 
                                             HMRC approved 2022 Save As you Earn scheme 
                                             (AO Sharesave Scheme) with an exercise price 
                                             of 88p 
 c)   Price(s) and volume(s)                1.  Price(s)    Volume(s) 
                                              332 pence      5,421 
                                                          ---------- 
 
                                             2. Price(s)    Volume(s) 
                                              88 pence     20,454 
                                                         ---------- 
     =============================== 
 d)   Aggregated information           N/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction          23 December 2021 
     =============================== 
 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                  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                   Option over ordinary shares of 0.25p each 
       the financial                    in AO World plc 
       instrument, type 
       of instrument 
 
       Identification                   GB00BJTNFH41 
       Code 
     =============================== 
 b)   Nature of the                    Option granted under the Company's all-employee 
       transaction                      HMRC approved 2022 Save As you Earn scheme 
                                        (AO Sharesave Scheme) with an exercise price 
                                        of 88p 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          88 pence     20,454 
                                                     ---------- 
     =============================== 
 d)   Aggregated information           N/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction          23 December 2021 
     =============================== 
 f)   Place of the transaction         Outside a trading venue 
===  ===============================  ================================================ 
 

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END

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December 23, 2021 09:37 ET (14:37 GMT)

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