AO World plc announced that its Chief Executive Officer, John Roberts, transferred 1,360,000 ordinary shares to charity at nil cost. This transaction, which took place on April 3, 2024, has resulted in John Roberts' beneficial holding being 104,525,876 Ordinary Shares, representing 18.07% of the current issued share capital of the Company. This holding includes shares held by a person closely associated with John Roberts but excludes shares held by a company of which he is a director and shareholder.
The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are also detailed in the announcement. John Roberts, as the Chief Executive Officer, is the person discharging managerial responsibilities and the person closely associated with him is Sally Roberts. The nature of the transaction is described as a gift to charity, and the price was nil for the 1,360,000 shares. The transaction took place in London, England.
This announcement provides transparency regarding the shareholding changes within the company and demonstrates the commitment of the Chief Executive Officer to charitable causes.