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AO World PLC confirmed that on 1 August 2024, Apex Financial Services (Trust Company) Limited, as Trustee of the AO World Employee Benefit Trust (EBT), purchased 8,882,350 ordinary shares at 117.359p each. The purchase was funded by a gift from the Company, leading to the EBT holding a total of 10,943,888 unallocated shares, which represents 1.89% of AO World's issued share capital.
| Date | 2 Aug 2024 |
| Time | 11:15:40 |
| Category | Miscellaneous |
| ID | 0124Z |
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: [email protected]
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.