23rd Dec 2021 14:37
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 the financial instrument, type of instrument
Identification Code | Option over ordinary shares of 0.25p each in AO World plc
GB00BJTNFH41 | ||||||||
b) | Nature of the transaction | 1. Cancellation of Option granted under 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.
2.
| ||||||||
d) | Aggregated information - Aggregated volume - Price | N/a | ||||||||
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 the financial instrument, type of instrument
Identification Code | Option over ordinary shares of 0.25p each in AO World plc
GB00BJTNFH41 | ||||
b) | Nature of the transaction | 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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/a | ||||
e) | Date of the transaction | 23 December 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
Ao World