AO WORLD PLC

Remuneration Information • Jan 26, 2018

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RNS Number : 0406D

AO World plc

26 January 2018

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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)

Price(s)	Volume(s)
89 pence	20,224

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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