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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AO World plc    AO.   GB00BJTNFH41

AO WORLD PLC

(AO.)
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AO World : UK retailer AO World to reward all staff with incentive plan

07/21/2020 | 03:27am EST

British online electricals retailer AO World has proposed an employee incentive scheme that would benefit all of its 3,000 workers, it said on Tuesday.

Measured over five to seven years, the AO Value Creation Plan (VCP) would reward value created above a share price hurdle of 5.23 pounds ($6.64), equivalent to a market capitalisation of 2.5 billion pounds, and representing growth of about 30% a year from Monday's closing share price of 164.8 pence.

Above that hurdle, 10% of value created would be shared between all AO employees. Awards to executive directors would be capped at 20 million pounds.

AO said that to realise the full benefit of the scheme, it would need to achieve a share price of at least 9.41 pounds, a market capitalisation of 4.5 billion pounds, with that value maintained for at least two further years to March 2027.

"AO is now set up to benefit from the accelerated structural shift to online in the UK and Germany and our model is now truly scalable," said founder and chief executive John Roberts, who listed the group in 2014 at 285 pence per share.

"(The plan) is a vote of confidence in our people and the future," he said.

Roberts, who owns 23% of the equity, said any reward he received from the plan would be donated to charity.

(Reporting by James Davey; editing by Sarah Young)


© Reuters 2020
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Financials
Sales 2021 1 556 M 2 076 M 2 076 M
Net income 2021 - - -
Net cash 2021 52,1 M 69,5 M 69,5 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 645 M 2 194 M 2 194 M
EV / Sales 2021 1,02x
EV / Sales 2022 0,94x
Nbr of Employees 3 000
Free-Float 57,0%
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Technical analysis trends AO WORLD PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 337,60 GBX
Last Close Price 348,50 GBX
Spread / Highest target 52,1%
Spread / Average Target -3,13%
Spread / Lowest Target -76,2%
EPS Revisions
Managers
NameTitle
John Charles Roberts Chief Executive Officer & Executive Director
Geoffery Ian Cooper Non-Executive Chairman
Jonathan Mark Stephen Higgins Chief Financial Officer & Executive Director
Christopher John Hopkinson Non-Executive Director
Marisa-Luisa Cassoni Senior Independent Non-Executive Director
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