Business
Grant of Options
Grant of Options.
About this update from Ao World Plc
[{"type":"text","content":"\n \nRNS Number : 0119F AO World plc 22 July 2016 \n\nAO World plc\nShare Option Awards / PDMR Notification\n \nOn 21 July 2016 AO World plc (\"the Company\") granted conditional nil-cost options over a total of 9,514,489 ordinary shares to Executive Directors and certain members of its senior management population.\nOf these, options over 3,047,821 ordinary shares (the \"2016 PSP Award\") were granted under the terms of the AO Performance Share Plan which was approved by shareholders of the Company on 25 February 2014 (\"PSP\") as part of our normal remuneration policy. \nAn award was also made to senior management (but not Executive Directors) following approval by shareholders of the AO World Plc 2016 Employee Reward Plan on 21 July 2016 (\"ERP\") with the grant of conditional nil cost options over 6,466,668 ordinary shares (the \"2016 ERP Award\").\nThe Company has received notification from ten of its \"persons discharging managerial responsibilities\" pursuant to article 19 of regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (\"Market Abuse Regulation\" or \"MAR\"), on 21 July 2016, who were granted conditional awards in respect of the following number of ordinary shares of 0.25p, under the plans in accordance with the respective rules. \n\n\n\n\n Name\n\n\nPosition\n\n\nNumber of shares under options granted pursuant to the 2016 PSP Award*/**\n\n\nNumber of shares under options granted pursuant to the 2016 ERP Award*\n\n\nTotal share options outstanding ***\n\n\n\n\nJohn Roberts\n\n\nChief Executive Officer and Founder\n\n\n502,232\n\n\n n/a\n\n\n502,232\n\n\n\n\nSteve Caunce\n\n\nChief Operations Officer\n\n\n435,268\n\n\n n/a\n\n\n435,268\n\n\n\n\nMark Higgins\n\n\nChief Financial Officer\n\n\n669,643\n\n\n n/a\n\n\n1,306,915\n\n\n\n\nDavid Ashwell\n\n\nGroup Logistics Director\n\n\n126,488\n\n\n 1,000,000\n\n\n1,763,760\n\n\n\n\nJohn Coulter\n\n\nGroup Trading Director\n\n\n126,488\n\n\n 666,667\n\n\n991,831\n\n\n\n\nDaniel Emmett\n\n\nGroup Retail Operations Director\n\n\n111,607\n\n\n 666,667\n\n\n936,764\n\n\n\n\nAndrew Kirkcaldy\n\n\nGroup Brand Director\n\n\n111,607\n\n\n 1,000,000\n\n\n1,735,009\n...