AO World plc raises £40.3m

Completed TransactionsJuly 2022

PrimaryBid was pleased to support AO World plc ("the Company") during its latest capital raise.

A total of 7,164,865 new ordinary shares of 0.25 pence each in the Company (the "PrimaryBid Shares") have been placed at the Placing Price raising proceeds of approximately £3.1 million (before expenses), subject to completion. Total proceeds from the Placing and the Primary Bid Offer are therefore approximately £40.3 million (before expenses), subject to completion

“We were delighted to work with PrimaryBid on the recent equity raise. This gave all our existing shareholders access and indeed deepens our level of retail customer ownership with new incoming shareholders,” said Mark Higgins, CFO of AO World plc.

Read the RNS here