London Stock Exchange welcomes AO World plc to the Main Market
Monday 3rd March 2014
AO World plc is the United Kingdom’s leading online retailer of major domestic appliances. AO’s mission statement is to ‘‘redefine retailing through a devotion to happiness and amazing customer service’’.
To mark the occasion Richard Rose, Chairman of AO World plc, joined Marcus Stuttard, Head of UK Primary Markets, to open unconditional dealings in London this morning.
The Directors believe that listing on the Main Market will provide additional capital to support the continued growth of the Group as it explores opportunities to broaden into other products and overseas.
Jefferies and J.P. Morgan Cazenove acted as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners and Numis acted as Joint Bookrunner to AO World plc. Rothschild acted as Financial Adviser and Instinctif Partners as Financial Public Relations Adviser to the Company.
Richard Rose, Chairman of AO, said:
“The support we have received from investors has been absolutely terrific and look forward to being listed on London Stock Exchange.
“We believe the Main Market will provide us with an excellent platform for growth, particularly with such a supportive institutional shareholder base. Our obsession with customer service and the outstanding ability of our team leave us well positioned to deliver our vision for the future.”