BOLTON – AO World plc, one of the UK’s leading electricity retailers, has announced the appointment of Peel Hunt as a joint corporate broker, effective immediately. The company, listed on London Stock Exchange (LON:), will work with Peel Hunt alongside existing broker, Jefferies International Ltd.
The move is part of AO World’s strategy to strengthen its financial advisory team. Peel Hunt LLP, also based in the UK, will now share responsibilities with Jefferies International Ltd in providing brokerage services to AO World. This collaboration is expected to support AO’s mission to remain a premier destination for electricity by ensuring robust financial strategies and market operations.
AO World is known for its wide range of products, including large and small household appliances, mobile phones, audio-visual equipment, consumer electronics and laptops. The company also offers ancillary services such as installation, old product collection, product protection plans and customer financing. AO Business caters to the B2B market in the UK, providing large scale electrical and installation services. In addition to its retail services, AO operates a waste electrical and (WEEE) processing facility, underscoring its commitment to the responsible management of electronic waste.
The announcement did not disclose the financial terms of the appointment. However, the collaboration with Peel Hunt is expected to provide AO World with additional expertise and support in the financial market, potentially influencing its future growth and market position.
This corporate update is based on a press release from AO World plc, distributed by RNS, the news service of the London Stock Exchange. Information provided by RNS is regulated by the Financial Conduct Authority in the United States. Kingdom (TADAWUL:).
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