AO World plc SAYE Option Grant and Director/PDMR Shareholding (4531V)
January 30 2017 - 5:25AM
UK Regulatory
TIDMAO.
RNS Number : 4531V
AO World plc
30 January 2017
AO World plc
Issue of SAYE Options to PDMR and Employees
AO World plc ("the Company") announces that on 27 January 2017
the Company granted options ("Options") over 506,252 ordinary
shares of 0.25p each ("Ordinary Shares") pursuant to the AO World
plc 2017 Sharesave Scheme.
The Options have a contract start date of 1 March 2017 and are
exercisable between 1 March 2020 and 30 August 2020. The exercise
price, which was set in accordance with HM Revenue & Customs
rules for sharesave plans, is 149 pence per Ordinary Share. The
allocation of share options was made available to UK employees with
at least three months' service to the Group and amounts to 0.12% of
the Company's current issued share capital. The exercise of options
on maturity is not dependent upon performance criteria.
Within the options described above, 12,080 options were granted
to John Roberts, Chief Executive Officer. These options replace the
7,093 options granted under the 2014 AO Sharesave Scheme
(notification of the cancellation thereof was received by the
Company on 23 January 2017).
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
This information is provided by RNS
The company news service from the London Stock Exchange
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