Last checked at 23 Jan 2018 12:43
AO World plc
Director/PDMR Notification
AO World plc ("the Company") announces that it has been notified that four of its persons discharging managerial responsibility ("PDMRs") have cancelled their participation in the Company's previous all-employee HMRC approved Save As You Earn schemes ("Sharesave Schemes"), thereby cancelling their options to purchase ordinary shares of 0.25p each. The PDMRs cancelled their participation in previous Sharesave Schemes in order to apply for the maximum saving amount permissible in the Company's 2018 Sharesave Scheme.
The details are set out below:
Name of Director / PDMR | Date of grant | Number of shares under option | Price payable per share on exercise (p) | Date of cancellation |
John Roberts | 27 January 2017 | 12,080 | 149p | 5 January 2018 |
Steve Caunce | 29 January 2016 | 14,400 | 125p | 19 January 2018 |
David Ashwell | 29 January 2016 | 14,400 | 125p | 2 January 2018 |
Daniel Emmett | 29 January 2016 | 14,400 | 125p | 2 January 2018 |
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
Tel: +44(0)1204 672400
Tulchan Communications
Susanna Voyle
Michelle Clarke
Tel: +44(0) 20 7353 4200
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 | Founder, Executive Director | ||||
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 | Cancelled participation in the 2017 offer under the Company's all-employee HMRC approved Save As You Earn scheme and discontinued his monthly contributions, resulting in the lapse of the option originally granted to him on 27 January 2017 with an exercise price of 149p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 5 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Steve Caunce | ||||
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 | Cancelled participation in the 2016 offer under the Company's all-employee HMRC approved Save As You Earn scheme and discontinued his monthly contributions, resulting in the lapse of the option originally granted to him on 29 January 2016 with an exercise price of 125p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 19 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | David Ashwell | ||||
2 | Reason for the notification | |||||
a) | Position/status | MD Logistics | ||||
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 | Cancelled participation in the 2016 offer under the Company's all-employee HMRC approved Save As You Earn scheme and discontinued his monthly contributions, resulting in the lapse of the option originally granted to him on 29 January 2016 with an exercise price of 125p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 2 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Daniel Emmett | ||||
2 | Reason for the notification | |||||
a) | Position/status | MD AO Services | ||||
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 | Cancelled participation in the 2016 offer under the Company's all-employee HMRC approved Save As You Earn scheme and discontinued his monthly contributions, resulting in the lapse of the option originally granted to him on 29 January 2016 with an exercise price of 125p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 2 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||