AO..L

AO World Plc
AO World plc - EBT Market Purchase Programme
2nd August 2024, 10:15
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 0124Z
AO World plc
02 August 2024
 

 

2 August  2024

 

AO World PLC

EBT Market Purchase Programme

 

Further to the announcement on 1 August 2024, AO World PLC ("AO" or the "Company") confirms that Apex Financial Services (Trust Company) Limited (the "Trustee"), as Trustee of the AO World Employee Benefit Trust (the "EBT") has commenced the market purchase of ordinary shares of £0.0025 each in ("Shares") (the "EBT Market Purchase Programme").

The Company was notified by the Trustee that the EBT has purchased a total of 8,882,350 Shares on 1 August 2024 at price of 117.359p each (inclusive of brokerage and dealing charges). 

These Shares will be held in the EBT and will be used to satisfy employee share-based compensation awards. The EBT is a discretionary trust for the benefit of the Company's employees. The purchase of Shares by the EBT has been funded by a gift from the Company.

Following this transaction, a total of 10,943,888 Shares (representing 1.89% of the Company's issued share capital) are held unallocated, by the EBT. The issued share capital in the Company remains unchanged at 580,303,475 Ordinary Shares.

Further updates in respect of the EBT Share Purchase Programme will be made as required.

 

 

Enquiries:

 

Julie Finnemore

Company Secretary

AO World PLC

Tel: +44(0)1204 672400

Email: cosec@ao.com

 

About AO

AO World PLC, headquartered in Bolton and listed on the London Stock Exchange, is the UK's most trusted online electrical retailer, with a mission to be the destination for electricals. Our strategy is to create value by offering our customers brilliant customer service and making AO the destination for everything they need, in the simplest and easiest way, when buying electricals.  We offer major and small domestic appliances and a growing range of mobile phones, AV, consumer electricals and laptops. We also provide ancillary services such as the installation of new and collection of old products and offer product protection plans and customer finance. AO Business serves the B2B market in the UK, providing electricals and installation services at scale. AO also has a WEEE processing facility, ensuring customers' electronic waste is dealt with responsibly.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUUARRSSUWRAR]]>
TwitterFacebookLinkedIn