Sign In
Last checked at 
6 Oct 2021 14:48
6 October 2021
Auction Technology Group plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that the following awards over ordinary shares in the capital of the Company have been granted to Phil Michaelson following completion of the acquisition of Platinum Parent, Inc. on 1 October 2021 (the "Acquisition").
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Phil Michaelson | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Chief Executive Officer of Live Auctioneers LLC | ||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Auction Technology Group plc | ||||||
b) | LEI | 213800U8Q9K2XI3WRE39 | ||||||
4A. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
Identification code | GB00BMVQDZ64
| |||||||
b) | Nature of the transaction | Grant of Options in exchange for options held over shares in Platinum Parent, Inc. pursuant to the terms of the Acquisition
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 1 October 2021 | ||||||
f) | Place of the transaction | Outside of a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Phil Michaelson | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Chief Executive Officer of Live Auctioneers LLC | ||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Auction Technology Group plc | ||||||
b) | LEI | 213800U8Q9K2XI3WRE39 | ||||||
4A. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
Identification code | GB00BMVQDZ64
| |||||||
b) | Nature of the transaction | Grant of Restricted Stock Units pursuant to the terms of the Acquisition
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 1 October 2021 | ||||||
f) | Place of the transaction | Outside of a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Phil Michaelson | ||||||
2 | Reason for Notification | |||||||
a) | Position/status | Chief Executive Officer of Live Auctioneers LLC | ||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Auction Technology Group plc | ||||||
b) | LEI | 213800U8Q9K2XI3WRE39 | ||||||
4A. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Auction Technology Group plc | ||||||
Identification code | GB00BMVQDZ64
| |||||||
b) | Nature of the transaction | Grant of Restricted Stock Units pursuant to the Company's Long Term Incentive Plan
| ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 1 October 2021 | ||||||
f) | Place of the transaction | Outside of a trading venue | ||||||
Tulchan Communications(Public relations advisor to ATG) | +44 207 353 4200 ATG@tulchangroup.com |
Tom Murray, Sunni Chauhan, Matt Low, Laura Marshall
| |
ATG | |
For investor enquiries For media enquiries
| investorrelations@auctiontechnologygroup.com press@auctiontechnologygroup.com |
This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section below.
IMPORTANT NOTICES
This Announcement has been prepared by, and is the sole responsibility of, the Directors of Auction Technology Group plc.
Follow the stocks
