Last checked at 26 Jan 2018 09:35
AO World plc
Grant of Options under the AO Sharesave Scheme
Notification of transactions by directors/persons discharging managerial responsibilities
AO World plc ("AO" or "the Company") announces that on 25 January 2018 the Company granted options ("Options") over 2,290,455 ordinary shares of 0.25p each ("Ordinary Shares") pursuant to the AO Sharesave Scheme 2018.
The Options have a contract start date of 1 March 2018 and are exercisable between 1 March 2021 and 30 August 2021. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is 89 pence per Ordinary Share. The allocation of share options was made available to UK employees with at least three months' service to the Group (including the Executive Directors and PDMRs) and amounts to 0.5% of the Company's current issued share capital. The exercise of options on maturity is not dependent upon performance criteria.
Of the options described above the following were granted to the Company's Executive Directors and PDMRs as follows:
Name | Position | No. of shares under options granted under the AO Sharesave Scheme 2018 |
John Roberts | Founder, Executive Director | 20,224 |
Steve Caunce | Chief Executive Officer | 20,224 |
Mark Higgins | Chief Financial Officer | 20,224 |
David Ashwell | PDMR | 20,224 |
Michael Bates | PDMR | 20,224 |
John Coulter | PDMR | 20,224 |
Daniel Emmett | PDMR | 20,224 |
Kevin Monk | PDMR | 20,224 |
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.
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 | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | 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 | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
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 Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 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 AO 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 | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Michael Bates | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Customer, Brand and People 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 | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | John Coulter | ||||
2 | Reason for the notification | |||||
a) | Position/status | MD AO Retail | ||||
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 Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 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 | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kevin Monk | ||||
2 | Reason for the notification | |||||
a) | Position/status | MD AO Europe | ||||
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 Save As You Earn scheme (AO Sharesave Scheme) with an exercise price of 89p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 25 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||