AO World plc Conditional Share Awards & Director/PDMR holdings (8718F)
17 July 2019 - 10:55PM
UK Regulatory
TIDMAO.
RNS Number : 8718F
AO World plc
17 July 2019
AO World plc
Conditional Share Awards / PDMR Notification
On 17 July 2019 AO World plc ("the Company"), in accordance with
the Company's remuneration policy, granted conditional share awards
over a total of 1,885,362* ordinary shares to PDMRs and members of
its senior management population under the terms of the AO
Incentive Plan which was approved by shareholders of the Company on
19 July 2018 ("Plan") ("the 2019 AOIP Conditional Share
Award").
The 2019 AOIP Conditional Share Awards will be released in July
2022, subject to the participants remaining in employment with the
Company and the Remuneration Committee being satisfied with the
underlying performance of the Company's business over the deferral
period.
The following awards were granted to PDMRs:
Name Position Maximum Number of conditional
share awards granted
under the Plan
Mark Higgins Chief Financial Officer 371,484
------------------------- ------------------------------
Daniel Emmett Chief Operating Officer 145,680
------------------------- ------------------------------
*The price used to calculate the maximum number of ordinary
shares under the 2019 AOIP Conditional Share Award was GBP0.9244,
being the average closing price of the Company's shares on the main
market of the London Stock Exchange on the five days following the
release of the Company's preliminary announcement of its result for
the year ended 31 March 2019.
The following notifications made under article 19.1 of the
Market Abuse Regulation ("MAR") relate to awards granted to PDMRs
on 17 July 2019 under the AO Incentive Plan. This announcement is
made in accordance with Article 19.3 of MAR.
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 Ordinary shares of 0.25p each
the financial
instrument, type
of instrument
===============================
b) Nature of the Grant of conditional share awards under
transaction the AO Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 371,484
Mark Higgins ----------
===============================
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 17 July 2019
===============================
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 PDMR - Chief Operating 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 Ordinary shares of 0.25p each
the financial
instrument, type
of instrument
===============================
b) Nature of the Conditional award grant of shares under
transaction the AO Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
NIL 145,680
----------
===============================
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price NIL
e) Date of the transaction 17 July 2019
===============================
f) Place of the transaction Outside a trading venue
=== =============================== ========================================
Enquiries:
AO World plc
cosec@ao.com
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END
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