TIDMAO.

RNS Number : 4340H

AO World plc

27 July 2023

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          Number of share              Sale price   Number of share 
                  of share        options exercised,           per share    options retained 
                  options         and shares subsequently 
                  vested          sold 
                  under the 
                  2020 grant 
 John Roberts    284,900         None                          n/a         284,900 
                ------------  ---------------------------  -------------  ------------------ 
 Mark Higgins    215,258         107,629                      GBP0.9762    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                   Ordinary shares of 0.25p each 
       the financial 
       instrument, type 
       of instrument 
                                        GB00BJTNFH41 
       Identification 
       code 
     =============================== 
 b)   Nature of the                    Exercise of certain share options granted 
       transaction                      pursuant to the AO Incentive Plan 2018 (as 
                                        amended) (2020 grant) 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                     GBPnil      107,629 
                                                              ---------- 
     =============================== 
 d)   Aggregated information           N/A - single transaction 
       - Aggregated volume 
       - Price 
 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                      Ordinary shares of 0.25p each 
       the financial 
       instrument, type 
       of instrument 
                                           GB00BJTNFH41 
       Identification 
       code 
     ================================== 
 b)   Nature of the                       Sale of 107,629 ordinary shares 
       transaction 
 c)   Price(s) and volume(s)                      Price(s)    Volume(s) 
                                                  GBP0.9762     107,629 
                                                             ---------- 
     ================================== 
 d)   Aggregated information              N/A - single transaction 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction             25 July 2023 
     ================================== 
 f)   Place of the transaction            London Stock Exchange (XLON) 
===  ==================================  ===================================

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END

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