Business
EBT Market Purchase
EBT Market Purchase.
About this update from Ao World Plc
[{"type":"text","content":"\n\n \nThis announcement may contain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, any inside information will be considered to be in the public domain.\n \n1 August 2024\n \nAO World PLC\nEBT Market Purchase Programme\n \nAO World PLC (\"AO\" or the \"Company\"), the UK's most trusted online electrical retailer, today announces that Apex Financial Services (Trust Company) Limited (the \"Trustee\"), as Trustee of the AO World Employee Benefit Trust (the \"EBT\") will shortly commence making market purchases of ordinary shares of £0.0025 each in AO (\"Shares\") (the \"EBT Market Purchase Programme\").\n \nPurchases under the EBT Market Purchase Programme are for a maximum aggregate consideration of £11 million (inclusive of brokerage and dealing charges) which has been funded by the Company by way of gift.\n \nShares purchased under the EBT Market Purchase Programme will be used to satisfy existing, planned and anticipated options and awards under AO's employee share schemes, or as otherwise permissible within the terms of the EBT trust deed.\n \nIn connection with the arrangements in relation to the EBT Market Purchase Programme, interim accounts for the Company, prepared in accordance with section 838 of the Companies Act 2006, have been delivered to and are published on Companies House.\n \n \nEnquiries:\n \nJulie Finnemore\nCompany Secretary\nAO World PLC\nTel: +44(0)1204 672400\nEmail: [email protected]\n \nAbout AO\nAO 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 elec...