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BUZZ-AO World: chairman sells 10 mln pound stake

Reuters - UK Focus

** AO World (Other OTC: AOWDF - news) , under pressure since shock profit warning last mth, among top FTSE 250 fallers as chairman sells a 1.3 pct stake in co

** Non-exec chairman Richard Rose sold 5.58 mln shares at 1.80p/share on Fri, raising 10 mln pounds

** Sale follows expiry of a post-IPO lock-up period; AO says Rose still has "significant" holding in the firm

** Online domestic appliances retailer, which came to the market with much hype just over a yr ago, down 3.9 pct, now some 35 pct below 285p IPO price (was trading at 281p just prior to profit warning)

** Third-most actively traded UK mid-cap stock, with 80 pct of 90-day daily avg volume having gone through (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)