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AO World Plc
AO World plc - EBT Market Purchase Programme
5th August 2024, 15:20
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RNS Number : 2442Z
AO World plc
05 August 2024
 

 

 

5 August 2024

 

AO World PLC

EBT Market Purchase Programme

 

Further to the announcements on 1 and 2 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 continued the market purchase of ordinary shares of £0.0025 each in AO World PLC ("Shares") (the "EBT Market Purchase Programme").

The Company was notified on 5 August 2024 that the EBT has purchased a further 434,602 Shares and has now concluded the EBT Market Purchase Programme.

Full details of the EBT Market Purchase Programme (including purchases previously announced) are as follows:

Date

Number of Shares Purchased

Purchase Price per Share*

01/08/2024

8,882,350

£1.1736

02/08/2024

434,602

£1.1466

Total

9,316,952


*exclusive of commission, stamp duty and fees.

These Shares will be held in the EBT and will be used to satisfy employee share-based 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 11,378,490 Shares (representing 1.96% 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 Shares.   No treasury shares are held by the Company.

 

 

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.

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