AO World plc Grant of options (2311V)
20 July 2018 - 6:00PM
UK Regulatory
TIDMAO.
RNS Number : 2311V
AO World plc
20 July 2018
AO World plc
Share Option Awards
On 19 July 2018, AO World plc ("the Company") granted an
exceptional award over a total of c.663,423 ordinary shares*,
(representing approximately 0.14% of the Company's issued share
capital) to a new senior employee under its Employee Reward Plan
(which was approved by shareholders in July 2016).
The Award is subject to performance conditions, being Adjusted
EBITDA growth and Sales growth in our Europe segment, which will be
measured over a 3 year period ending on 31 March 2021. The Award is
expected to vest in July 2021.
The Award is distinct from the annual incentive awards granted
to Executive Directors and the senior management population which
have been granted under the new AO Incentive Plan (which received
approval at the Company's AGM on 19 July), further details of which
are set out in our annual report.
* The amounts shown above represent the maximum possible number
of ordinary shares that may be granted under this award.
Enquiries:
AO World plc
Mark Higgins
Chief Financial Officer
Tel: +44(0)1204 672400
Tulchan Communications
Catherine James
Will Smith
Tel: +44(0) 20 7353 4200
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END
MSCGGUCWMUPRPGB
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