AO World plc Additional Listing (5138W)
18 Agosto 2022 - 10:11AM
UK Regulatory
TIDMAO.
RNS Number : 5138W
AO World plc
18 August 2022
18 August 2022
AO World PLC
(the "Company")
Director Subscriptions and Additional Listing Application
In the Company's announcement on 6 July 2022 in relation to the
placing of ordinary shares of 0.25 pence each in the Company ("
Shares ") at a price of GBP0.43 per Share (the "Placing Price"),
certain directors indicated their intention to subscribe for Shares
at the Placing Price to maintain their then current shareholding
percentages (once the Company ceased to be in a closed period for
the purposes of UK MAR).
The Company announces that it has today entered into
subscription agreements with the following directors pursuant to
which those directors have agreed to subscribe for the following
number of Shares at the Placing Price, subject only to Admission
(as defined below) becoming effective.
Name No. of Shares Resultant Resultant
to be subscribed beneficial % holding
holding
Chris Hopkinson 2,000,000 24,631,306* 4.27%
------------------ ------------ -----------
Geoff Cooper 25,701 154,274 0.03%
------------------ ------------ -----------
Mark Higgins 19,080 306,231 0.05%
------------------ ------------ -----------
Marisa Cassoni 10,520 63,148 0.01%
------------------ ------------ -----------
(*holding includes 350,877 Shares held by Gayle Halstead, a
person with whom Chris Hopkinson is closely associated)
Chris Hopkinson is a director of the Company. For the purposes
of Listing Rule 11 he is therefore classified as a related party of
the Company. Chris Hopkinson has agreed to subscribe for 2,000,000
ordinary shares at GBP0.43 with aggregate consideration of
GBP860,000, subject to Admission (as defined below) becoming
effective. This transaction by Chris Hopkinson is classified as a
smaller related party transaction under LR 11.1.10R(1) and is
disclosed in accordance with LR 11.1.10R(2)(c).
Application has been made for 2,055,301 Shares to be admitted to
listing on the Official List of the Financial Conduct Authority and
to trading on the London Stock Exchange ("Admission"). It is
expected that Admission will become effective on 24(th) August
2022. When issued, such Shares will rank pari passu with the
existing Shares.
Enquiries:
AO World PLC
Company Secretary
cosec@ao.com
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END
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August 18, 2022 09:11 ET (13:11 GMT)
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