Last checked at 27 Jul 2023 11:15
AO World PLC ("the Company")
Director/ PDMR Dealing Notification
On 20 July 2023 nil-cost share awards granted under the Company's AO Incentive Plan 2018 (as amended) (2020 grant) vested, including to persons discharging managerial responsibilities ("PDMRs"). Following such vesting event, on 25 July 2023 Mark Higgins, CFO and a PDMR of the Company:
(a) exercised half of his vested 2020 nil-cost share options for 107,629 ordinary shares of 0.25p each in the capital of the Company ("Shares"); and
(b) subsequently sold the Shares resulting from such exercise.
Further details are below.
Name/PDMR | Number of share options vested under the 2020 grant | Number of share options exercised, and shares subsequently sold | Sale price per share | Number of share options retained |
John Roberts | 284,900 | None | n/a | 284,900 |
Mark Higgins | 215,258 | 107,629 | £0.9762 | 107,629 |
Details of all options held by the Executives are set out in the Company's annual report at www.ao-world.com.
The Notification of Dealing Forms provided in accordance with the requirements of Article 19 of the Market Abuse Regulation in relation to Mr Higgins' transactions 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 | Mark Higgins | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - 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 | Ordinary shares of 0.25p each
GB00BJTNFH41 | ||||
b) | Nature of the transaction | Exercise of certain share options granted pursuant to the AO Incentive Plan 2018 (as amended) (2020 grant) | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||
e) | Date of the transaction | 25 July 2023 | ||||
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 | PDMR - 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 LPLC | ||||
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 of 107,629 ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||
e) | Date of the transaction | 25 July 2023 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||