7th Mar 2014 13:16
LONDON (Alliance News) - AO World PLC said Friday that Chief Executive Officer John Roberts, non-executive directors Chris Hopkinson and Charles Holroyd, and Chief Financial Officer Steve Caunce sold shares pursuant to an over-allotment option at 285 pence Tuesday, following the company's initial public offering on Monday.
AO World is an online retailer of domestic appliances.
Roberts sold 9.02 million shares and his subsequent interest in the company is 26.5%. Caunce sold 4.3 million shares and his subsequent shareholding is 12.6%. Hopkinson sold 3.03 million shares and his subsequent interest in the company is 5.2%. Holroyd sold 2.96 million shares in the company and his subsequent shareholding is 0.1%.
Shares in AO World were trading down 0.3% at 357.00 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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