Director's Dealing • Aug 18, 2020
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 4783W
AO World plc
18 August 2020
For immediate release
AO World plc (the "Company")
Director / PDMR Shareholding
AO World plc announces that it received notification today that on 17 August 2020 Mark Higgins, Chief Financial Officer of the Company, exercised nil cost options over a total of 309,537 ordinary shares of 0.25p each ("Ordinary Shares") comprising 57,537 and 252,000 options granted under the Company's Performance Share Plan ("PSP") in July 2016 and in July 2017 respectively. Following these exercises Mr Higgins has no further options outstanding under the PSP scheme.
The Company was further notified that following the exercise of these options on 17 August 2020 Mr Higgins subsequently sold 227,974 Ordinary Shares at a price of 195.0p per share, of which 146,411 Ordinary Shares were sold to cover tax and national insurance obligations with 81,563 Ordinary Shares retained.
As a result of these transactions Mr Higgins now holds a total of 85,336 Ordinary Shares in the Company, representing 0.02% of the current issued share capital.
The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above 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
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
1. Options over Ordinary shares of 0.25p each
2. Ordinary shares of 0.25p each
GB00BJTNFH41
b)
Nature of the transaction
1. Exercise of options over 309,537 Ordinary Shares of 0.25p each comprising 57,537 and 252,000 options granted under the Company's Performance Share Plan ("PSP") in July 2016 and July 2017 respectively.
2. Subsequent sale of 227,974 Ordinary Shares, of which 146,411 Ordinary Shares were sold to cover tax and national insurance obligations, with 81,563 Ordinary Shares retained.
c)
Price(s) and volume(s)
1. Exercise
| Price(s) | Volume(s) |
| Nil | 309,537 |
2. Sale
| Price(s) | Volume(s) |
| 195.0 | 227,974 |
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
17 August 2020
f)
Place of the transaction
London, England
Enquiries:
AO World plc
Company Secretary
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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